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Fly News Breaks for February 1, 2019
ISBC
Feb 1, 2019 | 06:06 EDT
Piper Jaffray analyst Matthew Breese upgraded Investors Bancorp to Overweight and raised his price target for the shares to $13.50 from $12.50. The analyst cites the company's "strong" Q4 results, "improved" 2019 outlook and more favorable interest rate backdrop for the upgrade. He thinks the stock can continue to outperform.
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