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Fly News Breaks for March 6, 2018
WAL, FRC
Mar 6, 2018 | 04:53 EDT
Barclays analyst Matthew Keating upgraded First Republic Bank (FRC) to Overweight and raised his price target for the shares to $110 from $93. The analyst makes First Republic his new Top Pick, replacing Western Alliance (WAL). He believes the impact of First Republic's "millennial strategies" on client household acquisition is underappreciated and that tax reform will not weigh the bank's businesses. Further, Keating expects above average earnings growth in 2019 and beyond.
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