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Fly News Breaks for March 15, 2018
FISI
Mar 15, 2018 | 10:22 EDT
Keefe Bruyette analyst Damon Del Monte noted that Financial Institutions disclosed its CRA rating has been downgraded to "Needs to Improve" from "Outstanding" based on a Federal Reserve Board of New York review, which he sees as a near-term headwind for the stock. However, given the review period was 2011 to 2013, he also suspects the company has already addressed the concerns raised, he tells investors. Del Monte has a Market Perform rating and $35 price target on Financial Institutions.
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