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Fly News Breaks for January 17, 2020
PBCT
Jan 17, 2020 | 07:45 EDT
DA Davidson analyst David Bishop downgraded People's United to Neutral from Buy with an unchanged $17.50 price target. The analyst notes that while the company beat on Q4 earnings, it is heading for a "tough" growth picture in 2020. Bishop further claims that any additional upside in People's United shares appears limited, and he believes that the stock is "relatively fairly valued" at current levels.
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