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Fly News Breaks for October 29, 2018
CSTR
Oct 29, 2018 | 09:03 EDT
As previously reported, Raymond James upgraded Capstar to Outperform from Market Perform with a $17 price target following the Q3 report. Analyst Daniel Carenas said results were in line on a core basis and demonstrated steady balance sheet growth and improving metrics, and combined with the expansion into eastern Tennessee with the acquisition of Athens Bancshares, will improve NIM and earnings, and lowers deposit/loan ratio.
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