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Fly News Breaks for August 10, 2018
CIT
Aug 10, 2018 | 07:17 EDT
Oppenheimer analyst Chris Kotowski maintained an Outperform rating on CIT Group following a recent meeting with CFO John Fawcett. In a research note to investors, Kotowski says CIT is the most undervalued bank holding company he covers and management is taking active steps to raise and realize that value. The analyst maintained a $61 fundamental target and thinks the value would be greater as a consolidation candidate.
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