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Fly News Breaks for January 28, 2019
FSB
Jan 28, 2019 | 06:08 EDT
Piper Jaffray analyst Brett Rabatin upgraded Franklin Financial Network to Overweight with an unchanged price target of $38. The analyst likes the company's "long-term story" as he sees a "long runway for profitable growth opportunities." Franklin's long-term net interest margin will work its way higher from current levels, Rabatin tells investors in a research note. He believes management can improve the company's core profitability and balance sheet enough to garner a higher valuation.
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