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Fly News Breaks for April 27, 2018
SIVB
Apr 27, 2018 | 06:11 EDT
Piper Jaffray analyst Brett Rabatin raised his price target for SVB Financial to $327 following yesterday's Q1 results. The fundamentals "are about the best we have seen" for SVB, Rabatin tells investors in a research note. He believes the company's results in the next few quarters are likely to increase the valuation back towards more historical levels. The analyst keeps an Overweight rating on SVB Financial.
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