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Fly News Breaks for January 3, 2018
SF
Jan 3, 2018 | 05:35 EDT
Nomura Instinet analyst Steven Chubak upgraded Stifel Financial to Buy and raised his price target for the shares to $77 from $58. The company screens as one of the biggest beneficiaries from tax reform, Chubak tells investors in a research note on the Universal Banks & Brokers space. He believes the benefits, along with a better outlook for mergers and acquisitions, should more than offset MiFID pressures.
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