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Fly News Breaks for October 2, 2018
SBNY
Oct 2, 2018 | 07:55 EDT
Wells Fargo analyst Jared Shaw lowered his price target for Signature Bank to $135 from $150, while reiterating an Outperform rating on the shares. The analyst is taking a more cautious view on the broader mid-cap group as a combination of accelerating deposit betas and a lingering perception of a nearing credit cycle pressure valuation multiples.
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