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Fly News Breaks for November 11, 2015
SIVB
Nov 11, 2015 | 06:35 EDT
Morgan Stanley upgraded SVB Financial to Overweight and increased its price target to $152 from $146 on shares. Analyst Ken Zerbe believes SVB Financial's earnings growth is underappreciated given its asset sensitivity in a rising rate environment and strong loan growth. Zerbe said SVB is the biggest beneficiary of hither interest rates and sees upside to valuation.
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