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Fly News Breaks for June 11, 2018
SIVB
Jun 11, 2018 | 07:13 EDT
JPMorgan analyst Steven Alexopoulos raised his price target for SVB Financial Group to $375 following recent meetings with management. The analyst continues to see "significant upside" in the shares. The current valuation is "not even in the zip code of discounting" a potential $100B-plus year for venture capital investment, Alexopoulos tells investors in a research note. He keeps an Overweight rating on SVB Financial.
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