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Fly News Breaks for January 11, 2016
MTB
Jan 11, 2016 | 08:02 EDT
Goldman analyst Ryan Nash downgraded MT& Bank (MTB) to Neutral with a $130 price target, down from $138 on shares. Nash believes shares will trade at its historical premium versus peers following the close of Hudson City Bancorp, making shares less compelling. Additionally, the analyst believes earnings estimates could be pressured by optimistic loan growth expectations, lack of leverage, and sluggish fee growth income.
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