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Fly News Breaks for June 13, 2019
SIVB
Jun 13, 2019 | 06:50 EDT
JPMorgan analyst Steven Alexopoulos sees an attractive entry point into SVB Financial at current share levels. The analyst believes SVB has "strong growth potential" and keeps an Overweight rating on the name with a $285 price target. Several risks, including the company having one of the most asset sensitive balance sheets with the forward curve now calling for several rate cuts as well as operations in China, are weighing on the shares, Alexopoulos tells investors in a research note.
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