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Fly News Breaks for December 29, 2015
SIVB
Dec 29, 2015 | 07:30 EDT
Raymond James analyst David Long raised SVB Financial earnings estimates and believes there is upside to consensus 2016 earnings forecast. Long said core trends remain good and management has indicated to a strong pipeline of new business. The analyst believes SVB Financial superior loan and earnings growth, combined with the company's asset sensitivity, deserve a premium multiple. Long rates SVB Financial a Strong Buy with a $155 price target on shares.
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