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Fly News Breaks for December 5, 2019
LOB
Dec 5, 2019 | 07:17 EDT
SunTrust analyst Jennifer Demba upgraded Live Oak Bancshares to Buy from Hold with a price target of $22, up from $19. The analyst anticipates continued benefits from the company's "banking-focused financial technology investments" amid the ongoing growth of technology needs in the industry. Demba also sees Live Oak Bancshares' sharper focus on expense control boosting its efficiency ratio, with new core deposit product to be launched next year reducing the cost of deposits.
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