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Fly News Breaks for November 8, 2019
Nov 8, 2019 | 07:09 EDT
Stephens analyst Matt Breese named ConnectOne (CNOB) as his top pick and Best Idea, replacing the firm's prior Best Idea in Northeast banks, Signature Bank (SBNY). He believes ConnectOne can show margin stability and core margin expansion in 2020 despite a challenging inverted yield curve as deposit cost reductions are expected to more than offset yield reductions, Breese tells investors. He maintains an Overweight rating and $27.50 price target on ConnectOne shares.
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