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Fly News Breaks for May 1, 2018
STL
May 1, 2018 | 07:57 EDT
Maxim analyst Michael Diana raised his price target on Sterling Bancorp to $36 from $32, saying the company is his "best idea among banks". The analyst is positive on Sterling's "large cost saving opportunity" discussed in the Q1 earnings call amid its integration of Astoria Financial, particularly his expectations of FY19 expenses remaining the same as in the FY18 level.
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