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Fly News Breaks for July 19, 2019
EGBN
Jul 19, 2019 | 06:06 EDT
Piper Jaffray analyst Brody Preston downgraded Eagle Bancorp to Neutral from Overweight and lowered his price target for the shares to $47 from $63. The company's Q2 results were highlighted by nine basis points of margin compression and elevated legal expenses tied to ongoing investigations by various government agencies, Preston tells investors in a research note. He believes investigations will be a continued overhang on Eagle Bancorp shares.
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