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Fly News Breaks for October 22, 2018
NKSH
Oct 22, 2018 | 09:19 EDT
Sandler O'Neill analyst Brendan Nosal downgraded National Bankshares to Hold from Buy and lowered his price target for the shares to $48 from $54. The analyst cites a combination of valuation and his reduced estimates for the downgrade, which he says has left near-term upside more limited. He reduced his earnings estimates by 5%-6% over next two years following National Bankshares' Q3 results.
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