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Fly News Breaks for August 9, 2019
ETFC
Aug 9, 2019 | 06:14 EDT
Deutsche Bank analyst Brian Bedell downgraded E-Trade to Hold from Buy and lowered his price target for the shares to $45 from $52. At this stage of the market cycle and upon market expectations of more substantial Federal Reserve easing, macro risks of lower interest rates and possible eventual equity market declines "will restrain any sustainable upside" in the stock, Bedell tells investors in a research note.
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