FTN Midwest Downgrades Colonial Bancgroup (CNB) to Neutral
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FTN Midwest downgrades Colonial Bancgroup Inc. (NYSE: CNB) from Buy to Neutral with an $8 price target.
Shares of CNB closed at $6.38 Friday.
The Colonial BancGroup, Inc. operates as the holding company for Colonial Bank, National Association, which provides commercial banking, wealth management services, mortgage banking, and insurance services in Florida, Alabama, Georgia, Nevada, and Texas.
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