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Fly News Breaks for January 24, 2018
WSFS
Jan 24, 2018 | 07:24 EDT
DA Davidson analyst Russell Gunther raised his price target on WSFS Financial to $64 after a Q4 earnings beat, saying the company's organic momentum along with fee M&A has produced an "above-peer return profile" over the past three years. Gunther contends that the profitability outperformance has not resulted in a premium valuation however, keeping his Buy rating on the stock while forecasting "continued profitability outperformance, double digit EPS growth, and the ability to hit the new ROA goal of 1.5% for FY18".
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