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Fly News Breaks for January 3, 2018
SIVB
Jan 3, 2018 | 07:53 EDT
SunTrust analyst Jennifer Demba raised her price target on SVB Financial to $280, modeling the impact from lower corporate tax rate of 27%-30% vs 37% prior forecast. Demba also estimates the DTA writedown impact of $32M-$37M in Q4, treating it as a non-core item. The analyst keeps her Buy rating on SVB Financial.
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