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Fly News Breaks for January 31, 2019
Jan 31, 2019 | 16:16 EDT
Wells Fargo analyst Jared Shaw upgraded Investors Bancorp to Outperform from Market Perform citing his view of the 2019/2020 operating environment, the company's stock buybacks and the fact that the company scores second highest in his proprietary M&A scorecard. The bank, which struggled to keep up with the group when rates were rising, now stands to benefit on a relative basis as rates stabilize, said Shaw, who increased his price target on Investors Bancorp shares to $15 from $12.
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