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Fly News Breaks for April 6, 2017
SBNY
Apr 6, 2017 | 09:01 EDT
As previously reported, Raymond James downgraded Signature Bank to Outperform from Strong Buy and lowered its price target to $167 from $183. Analyst David Long expects uncertainty related to its NY-based taxi medallion loan portfolio to last longer than expected given that Melrose Credit Union, which has a large taxi medallion portfolio, was placed into conservatorship.
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