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Fly News Breaks for January 9, 2020
SIVB
Jan 9, 2020 | 06:34 EDT
BofA analyst Erika Najarian named SVB Financial as her top pick for 2020 and raised her price target to $300. While interest rate volatility has masked the strong underlying performance recently, Najarian tells investors in a research note that she expects shares to re-rate higher on the back of accelerating revenue growth and better reflect SVB's significantly superior growth profile and improved EPS resiliency.
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