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Fly News Breaks for July 29, 2019
FHB
Jul 29, 2019 | 07:09 EDT
JPMorgan analyst Steven Alexopoulus downgraded First Hawaiian to Underweight from Neutral and lowered his price target for the shares to $26 from $26.50. The stock's "steep premium" and the company's "sluggish" earnings growth will limit share upside, Alexopoulus tells investors in a research note. The analyst now sees First Hawaiian's total return expectations through 2020 as being below peers.
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