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Fly News Breaks for August 8, 2016
VLY
Aug 8, 2016 | 06:17 EDT
Piper Jaffray analyst Matthew Breese downgraded Valley National Bancorp to Neutral citing the company's "underwhelming" Q2 results and outlook. Valley's margin expansion was less than expected, Breese tells investors in a post-earnings research note. He lowered his price target for the shares to $9.50 from $10.
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