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Fly News Breaks for December 13, 2018
UBSH
Dec 13, 2018 | 07:50 EDT
Baird analyst Bryce Rowe upgraded Union Bankshares to Outperform from Neutral and lowered his price target to $38 from $42. In a research note to investors, Rowe says that under new leadership, the company has put itself on a path of quality fundamental performance that mirrors the quality of its franchise and says he believes Union's projected core profitability and earnings stream could support a P/TB multiple of 206% by the end of 2019.
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