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Fly News Breaks for January 19, 2018
PACW
Jan 19, 2018 | 06:54 EDT
DA Davidson analyst Gary Tenner raised his price target on PacWest Bancorp to $59 after Q4 earnings that showed a "solid loan production" and organic growth to reach $1.6B of new loans in 2017 - a high water mark for the year. Tenner adds that while sales will reset lower in Q1 on lower day count, they should grow again in Q2. The analyst keeps his Buy rating on PacWest Bancorp.
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