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Fly News Breaks for June 16, 2016
NEWT
Jun 16, 2016 | 06:53 EDT
DA Davidson analyst Arren Cyganov initiated Newtek Business Services with a Buy and $16 price target. The analyst saidNewtek offers a unique positioning as a top ten lender under the Small Business Administration (SBA) 7(a) loan program with additional payment processing and technology solutions products available for its customers and his Buy rating relates to strong underlying business trends that should lead to earnings and dividend growth ahead.
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