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Fly News Breaks for October 13, 2016
FRC
Oct 13, 2016 | 15:06 EDT
Raymond James analyst David Long increased his price target on First Republic to $83 from $79 noting that it posted Q3 net interest income that topped expectations due to strong deposit and loan growth and that its credit trends remain solid. Long, who expects First Republic to produce above-average revenue and EPS growth, keeps an Outperform rating on the stock.
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