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Fly News Breaks for June 19, 2018
FBNK, PBCT
Jun 19, 2018 | 17:01 EDT
Keefe Bruyette analyst Collyn Gilbert upgraded People's United Financial (PBCT) to Outperform with an unchanged price target of $21.50. The recent selloff in the shares implies a 20% total return, Gilbert tells investors in a research note. The analyst thinks the outlook for People's fundamental improvement relative to its current valuation "finally warrants more active investor attention." Gilbert views the First Connecticut Bancorp (FBNK) acquisition favorably.
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