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Fly News Breaks for February 13, 2017
SBCF
Feb 13, 2017 | 06:31 EDT
SunTrust analyst Michael Young upograded Seacoast Banking to Buy and raised its price target to $26 from $23 saying the restructuring story is entering a growth phase with improving profitability and earnings clarity. Young expects profitability improvement to continue to driven by positive inflection in loan growth to the high-teens, cost rationalization, and investments in lower cost distribution channels and automation along with a strong Florida economy.
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