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VersaBank price target lowered to C$21 from C$22 at Keefe Bruyette

Keefe Bruyette analyst Timothy Switzer lowered the firm’s price target on VersaBank (VBNK) to C$21 from C$22 and keeps an Outperform rating on the shares. The planned realignment to a U.S. domiciled company will provide several benefits to shareholders, the analyst says in a research note.

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