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Fly News Breaks for April 22, 2016
SIVB
Apr 22, 2016 | 09:03 EDT
Stephens analyst Tyler Stafford raised his price target for SVB Financial to $135 from $125 despite Q1 EPS miss. The analyst believes that while choppiness will likely persist near term, potential credit issues are more than "manageable" and sees the underlying results reported as "impressive." Stafford reiterates an Overweight rating on the shares.
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