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Fly News Breaks for November 9, 2015
RATE
Nov 9, 2015 | 09:02 EDT
BofA/Merrill upgraded Bankrate two notches to Buy from Underperform and increased its price target to $18 from $12.50 on shares. Analyst Joyce Tran is more constructive on shares given the sale of the Insurance business which removes an overhang, potential margin expansion, third-party card affiliates moving to Issuers' sits in Q3, and the new personal loans category opportunity.
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