SBNY - Barclay's upgrade

Signature Bank higher as Barclay buys the dip

Sep 28 2016, 09:43 ET
| About: Signature Bank (SBNY) |
By: Stephen Alpher, SA News Editor

A former high-flyer (an 8-bagger from the March 2009 low), Signature Bank (NASDAQ:SBNY) has had a tough go of it since late last year, falling from about $160 per share to $116 at the close last night.

Barclays today upgrades to Overweight from Equal Weight, and boosts the price target to $150 from $139.Shares +1.9% to $118.18.