Fly News Breaks for October 6, 2016
UCBI
Oct 6, 2016 | 06:48 EDT
Raymond James analyst David Long upgraded United Community Banks to Strong Buy and raised its price target to $24 from $22. The analyst expects shares to rerate higher given continued progress towards its 1.1% ROA goal by year-end, expansion into new geographies and product lines over the years driving better than peer loan growth, pristine credit trends, and further improvement in its efficiency ratio.
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