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Fly News Breaks for June 13, 2018
SBNY
Jun 13, 2018 | 05:51 EDT
Piper Jaffray analyst Matthew Breese upgraded Signature Bank to Overweight with an unchanged price target of $150. Despite the stock's 8% decline year-to-date, the analyst vies the company's fundamentals as improved based on management commentary and a recent uptick in New York City multi-family transaction data. He thinks Signature's growth outlook is solid and its balance sheet profile is above average.
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