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Fly News Breaks for October 4, 2018
PFBC
Oct 4, 2018 | 08:01 EDT
As previously reported, Raymond James upgraded Preferred Bank to Strong Buy from Outperform and maintained a $77 price target. Analyst David Ling changed his view primarily due to valuation and said Preferred is well-positioned for rising interest rates with its highly asset-sensitive balance sheet and it is well-positioned for future growth given its healthy capital ratios.