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Fly News Breaks for August 23, 2019
Aug 23, 2019 | 06:05 EDT
RBC Capital analyst Jon Arfstrom initiated PacWest Bancorp with an Outperform and $40 price target based on expectations for managed growth, steady credit trends, and continued high return of capital to shareholders. Arfstrom believes PacWest's variety of businesses supports mid-single digit loan growth and its peer leading return profile supports high levels of shareholder payout.
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