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Jefferies Starts Sterling Bancorp (STL) at Buy

July 11, 2014 6:40 AM EDT
Get Alerts STL Hot Sheet
Price: $26.29 --0%

Rating Summary:
    9 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Jefferies initiates coverage on Sterling Bancorp (NYSE: STL) with a Buy rating and a price target of $14.00.

Analyst Casey Haire said post-merger the company is poised to demonstrate strong operating leverage regardless of interest rates. Shares should be trading at a premium to peers versus in-line currently.

For an analyst ratings summary and ratings history on Sterling Bancorp click here. For more ratings news on Sterling Bancorp click here.

Shares of Sterling Bancorp closed at $12.11 yesterday.



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