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Fly News Breaks for July 11, 2016
EVER
Jul 11, 2016 | 06:07 EDT
Wells Fargo analyst Jared Shaw downgraded EverBank to Market Perform citing the "lower-for-longer" interest rate environment. The company needs to prove its business model, Shaw tells investors in a research note. The analyst lowered his price target range for the shares to $17-$18 from $18-$20.
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