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Fly News Breaks for January 10, 2018
NYCB
Jan 10, 2018 | 06:38 EDT
BofA/Merrill analyst Ebrahim Poonawala upgraded New York Community Bancorp to Buy with a $15 price target. The analyst believes cash redeployment will support earnings growth, expense leverage provides earnings upside, potential SIFI regulation changes could unlock growth, tax cuts provide earnings and dividend stability, and high short interest could result in a share squeeze.
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