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Fly News Breaks for November 6, 2017
SBNY
Nov 6, 2017 | 08:07 EDT
Morgan Stanley analyst Ken Zerbe downgraded Signature Bank to Equal Weight from Overweight, saying he expects its loan and deposit growth will slow to a high-single digit percentage. Combining that with NIM compression will leave limited near-term upside relative to peers, he tells investors. Zerbe lowered his price target on Signature Bank shares to $140 from $150.
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