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Fly News Breaks for October 20, 2017
SBNY
Oct 20, 2017 | 05:50 EDT
BMO Capital analyst Lana Chan upgraded Signature Bank to Outperform with a $145 price target following the Q3 report. Chan said management has finally lower growth targets to realistic levels, shares trade at a significant discount to peers, potential M&A supports downside to the stock, and tax reform and deregulation provide investors free optionality.
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