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Fly News Breaks for January 10, 2018
CASH
Jan 10, 2018 | 09:57 EDT
Lake Street analyst Josh Elving raised his price target on Meta Financial to $130 from $120 after the company announced an agreement to acquire commercial lender Crestmark Bancorp for $321M in stock. The deal, which is expected to be immediately accretive to 2018 earnings excluding merger expenses, gives Meta a national commercial and industrial lending platform, said Elving, who keeps a Buy rating on the stock.
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