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Fly News Breaks for October 25, 2018
UCBI
Oct 25, 2018 | 08:48 EDT
SunTrust analyst Jennifer Demba lowered her price target on United Community Banks to $25 to reflect the declining industry valuations and kept her Hold rating after its Q3 results. The analyst also lowered her FY19 EPS view to $2.33 from $2.37 to reflect the bank's lower earning asset growth, adding that the "management aims to sustain its current ROA despite a more challenging lending and deposit cost environment".