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Fly News Breaks for June 19, 2015
LEAF
Jun 19, 2015 | 08:31 EDT
Macquarie upgraded Springleaf (LEAF) to Outperform and expects shares to return to the $52-$54 range by the end of Q3, once the Department of Justice investigation completes its antitrust review of the OneMain acquisition. Even if the acquisition is not completed, the firm believes Springleaf could buyback $3B in debt and $2B in stock, equating to a $42 valuation.
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