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Fly News Breaks for July 22, 2015
UBSH
Jul 22, 2015 | 06:48 EDT
Compass Point upgraded Union Bankshares to Buy with a $23 price target, down from $28. The firm said credit costs have peaked, loan growth has returned, fee income is stronger than expectations, expense cuts are materializing, and mortgage banking is back to profitability, which should reverse share underperformance.
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