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Fly News Breaks for March 28, 2016
UBSH
Mar 28, 2016 | 06:32 EDT
Raymond James analyst William Wallace IV upgraded Union Bancshares to Strong Buy and established a $28 price target. Wallace believes the company is committed to improving profitability and expects the company to make significant progress in achieving its longstanding target of a roughly 13% return on tangible common equity through 2016 and 2017. If the company can not meet its profitability target, the analyst believes a sale of the company is a real alternative.
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