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Fly News Breaks for October 11, 2019
VLY
Oct 11, 2019 | 06:47 EDT
RBC Capital analyst Steven Doung initiated coverage of Valley National with an Outperform rating and $13 price based on continued positive operating leverage and improving efficiency. The analyst expects strong growth and profitability to continue given efficiency initiatives, presence in attractive markets, and shareholder aligned incentive compensation.
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