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Fly News Breaks for June 21, 2016
SBNY
Jun 21, 2016 | 08:20 EDT
As previously reported, Raymond James upgraded Signature Bank to Strong Buy from Outperform. Analyst David Long raised Signature Bank estimates based on stonger balance sheet growth as loan, revenue and earnings continue at an above-peer level. Further, the analyst said overhangs on the stock related to taxi medallion and CRE credit risks are overblown. Long has a $162 price target on Signature Bank shares.
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