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Fly News Breaks for December 28, 2018
NEWT
Dec 28, 2018 | 08:45 EDT
Ladenburg Thalmann analyst Mickey Schleien upgraded Newtek Business Services to Buy with a $19 price target. The company's recent management update points to "sound underlying fundamentals," Schleien tells investors in a research note. Management recently held a call to update the market on the company's progress, and business fundamentals appear to be stable, says the analyst. Further, he believes that despite the equity market's recent turmoil, the risk of a recession in 2019 seems relatively low.
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