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Fly News Breaks for November 16, 2016
FRC
Nov 16, 2016 | 08:14 EDT
As previously reported, Morgan Stanley downgraded First Republic to Equal Weight from Overweight and reduced its Midcap Bank industry view to Cautious. Analyst Ken Zerbe said First Republic has outperformed peers year-to-date and views shares as fairly valued. Zerbe raised his price target on First Republic to $85 from $77.
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