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Fly News Breaks for March 31, 2015
Mar 31, 2015 | 06:16 EDT
Citigroup introduces a new pair trade recommendation of overweight RCS Capital (RCAP), underweight LPL Financial (LPLA). Citi sees higher regulatory risk around Department of Labor fiduciary rule changes and believes RCS offers upside in a rising interest environment. It points out LPL shares have outperformed RCS recently.
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