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Fly News Breaks for July 25, 2017
CIT
Jul 25, 2017 | 10:38 EDT
BTIG analyst Mark Palmer raised his price target for CIT Group shares to $57 following the company's "solid" Q2 results. The analyst views the stock as inexpensive and expects the valuation to move towards typical commercial banks as management continues their plans to become a simplified, U.S.-focused bank. He reiterates a Buy rating on CIT.
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