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HomeStreet could sell off on merger termination, says Keefe Bruyette

Keefe Bruyette says that while the termination of HomeStreet’s (HMST) merger with FirstSun Capital (FSUN) is not a surprise given the October update, the stock could be weak today as the market officially removes the FirstSun acquisition premium. The firm has a Market Perform rating on the shares with a $14 price target.

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