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Fly News Breaks for April 30, 2018
SIVB
Apr 30, 2018 | 08:09 EDT
Maxim analyst Michael Diana raised his price target on SVB Financial to $350 after its "third consecutive blowout quarter", noting the 6.4% rise in loans, 8.7% increase in client funds, and a net interest margin expansion of 18bps. Diana keeps his Buy rating, adding that the target valuation on SVB Financial is still reasonable based on its "premium to other best-in-class smid-cap banks" position.
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