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UPDATE: Deutsche Bank Raises PT on First Niagara Financial on CEO Departure

Related FNFG
Benzinga's Top Downgrades
First Niagara Shares Downgraded To Sell At Goldman Sachs

Deutsche Bank maintained First Niagara Financial (NASDAQ: FNFG) with a Buy rating and raised the price target from $9.50 to $10.00.

Deutsche Bank analyst Dave Rochester noted, "Reiterating Buy rating on shares of FNFG and raising target price following the departure of President and CEO John Koelmel. Expect investors could continue to assign a valuation discount to the shares versus peers given a relatively weaker capital position, we believe this discount will shrink over time more than we had originally anticipated given Koelmel's departure, and would expect this news to serve as a positive catalyst for the stock in the near-term."

First Niagara Financial closed at $8.44 on Tuesday.

Latest Ratings for FNFG

May 2015Goldman SachsDowngradesNeutralSell
Apr 2015RBC CapitalMaintainsSector Perform
Apr 2015Deutsche BankMaintainsHold

View More Analyst Ratings for FNFG
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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


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