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Fly News Breaks for January 12, 2016
ETFC
Jan 12, 2016 | 07:00 EDT
Goldman analyst Conor Fitzgerald removed E-Trade from the Conviction Buy List and lowered its price target to $34 from $35 on shares. Fitzgerald said E-Trade has outperformed and a majority of the catalysts that led to the Conviction Buy List addition have played out. The analyst reiterates his Buy rating given its ability to return capital to shareholders and potential buyback capacity in excess of 20% of market cap by 2017 year end.
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