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Fly News Breaks for September 20, 2017
SBNY
Sep 20, 2017 | 07:16 EDT
As previously reported, Wedbush analyst David Chiaverini downgraded Signature Bank to Neutral from Outperform, citing his expectation for "significant pressure" on the company's net interest margin in coming quarters as well as the competitive environment negatively impacting loan growth. The analyst also lowered his price target on the shares to $126 from $157.
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