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Fly News Breaks for September 9, 2019
ETFC
Sep 9, 2019 | 04:40 EDT
Keefe Bruyette analyst Kyle Voigt downgraded E-Trade Financial to Market Perform from Outperform and lowered his price target for the shares to $45.50 from $55. The analyst sees headwinds to the company's net interest income after his firm updated its economic baseline, calling for four additional cuts to the fed funds rate between now and March 2020.
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