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Fly News Breaks for July 16, 2019
STL
Jul 16, 2019 | 08:58 EDT
B. Riley FBR analyst Steve Moss initiated coverage of Sterling Bancorp with a Buy rating and $26 price target. The analyst expects the overhang from the company's "transformative" Astoria acquisition to abate, resulting in multiple expansion and a valuation that is reflective of Sterling's "desirable New York City area franchise." He sees the company outperforming peers.
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