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Fly News Breaks for June 28, 2017
FRC
Jun 28, 2017 | 08:48 EDT
Wedbush analyst David J. Chiaverini started coverage of First Republic with a $121 price target and an Outperform rating. The analyst calls the bank's business model the "gold standard" in the sector because of its success in obtaining wealthy customers. He says that the bank's loans and deposits have grown at one of the fastest rates in the country among larger institutions.
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