KBW Downgrades Cardinal Financial Corp. (CFNL) to Market Perform
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Keefe, Bruyette, and Woods downgrades Cardinal Financial Corporation (NASDAQ: CFNL) from Outperform to Market Perform and removes the company from its Best Ideas list due to valuation. KBW has a $10 price target on CFNL.
The firm said, "We continue to view Cardinal as a strong franchise with solid fundamentals that should outperform peers in terms of credit quality and earnings performance over the foreseeable future."
Cardinal Financial Corporation is a financial holding company whose activities consist of investment in its wholly owned subsidiaries.
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