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Fly News Breaks for October 25, 2018
SSB
Oct 25, 2018 | 09:38 EDT
SunTrust analyst Jennifer Demba lowered her price target on South State to $79 to reflect lower industry valuations and also following the bank's Q3 earnings miss that was driven by lower than expected spread income and fee income. The analyst also kept her Buy rating on South State, anticipating the loan remixing headwind to subside next year while the management maintains its focus on expense control.
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