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Fly News Breaks for July 11, 2019
INDB
Jul 11, 2019 | 16:47 EDT
DA Davidson analyst David Bishop initiated Independent Bank with a Neutral rating and a price target of $81. The analyst notes that while he sees the bank as "one of the best run franchises" within the sector, he also warns that the combination of a dovish Fed and an asset-sensitive balance sheet could weigh on its earnings estimates. Bishop adds that the valuation on Independent Bank is "full" at this juncture.
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