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Fly News Breaks for January 7, 2020
TOWN
Jan 7, 2020 | 06:39 EDT
Stephens analyst Brody Preston initiated coverage of TowneBank with an Equal Weight rating and $28 price target. The analyst likes TowneBank's "solid base" of non-interest bearing deposits, but he expects below peer profitability levels and says the shares are trading ahead of more profitable peers.
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