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Fly News Breaks for January 12, 2018
SIVB
Jan 12, 2018 | 06:08 EDT
Piper Jaffray analyst Brett Rabatin calls SVB Financial his "highest conviction name for 2018." The analyst sees SVB shares returning to a significant premium relative to the broader bank space. He thinks the company's loan growth could be more positive than expected and anticipates its net interest margin increasing another 30 basis points in fiscal 2018. Rabatin keeps an Overweight rating on SVB Financial with a $288 price target.
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