First Republic Bank downgraded to Buy from Conviction Buy at Goldman Goldman removed First Republic Bank from the Conviction Buy List to Buy citing near-term headwinds from increased regulation. Price target is $61.
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First Republic Bank concerns overblown, says FBR Capital FBR Capital says that despite First Republic Bank's weaker than expected outlook, concerns around the company's expenses are overblown. FBR says First Republic remains a growth name with takeout potential despite a reduced near-term earnings profile. It keeps an Outperform rating on the stock with a $55 price target.