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Fly News Breaks for May 15, 2017
CSTR
May 15, 2017 | 08:32 EDT
Sandler O'Neill analyst Stephen Scouten upgraded CapStar to Buy from Hold with a $21 price target. The analyst came away from management meetings with increased comfort around overall credit, a better understanding of its niche healthcare loan portfolio, which is sound, and increased visibility surrounding its asset sensitive balance sheet. The analyst views risk/reward as attractive and things the bank is positioned to deliver cleaner quarters near-term.
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