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Fly News Breaks for March 27, 2018
NBHC
Mar 27, 2018 | 06:15 EDT
DA Davidson analyst Jeff Rulis upgraded National Bank to Buy from Neutral and raised his price target to $38 from $36. Rulis says the bank stock is "most attractive" among its closest peers, trading at a nearly 15% discount on a PE and tangible book value basis. The analyst also points to a 32% decline in the bank's non-performing loans last year and expects that trend to continue in 2018 along with the anticipated 10% decline in loan loss provision.
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