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Fly News Breaks for October 26, 2015
FNFG
Oct 26, 2015 | 05:48 EDT
Wells Fargo analyst Jared Shaw downgraded First Niagara Financial Group to Market Perform citing a lack of upside under a merger scenario. Shaw continues to believe a merger is the best option for shareholders, but sees an "appropriate valuation range" for First Niagara in a takeout at just under $12 per share. He keeps an $10-$11 price target range for the stock.
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