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I recently was looking over a list of S&P 500 financial and insurance stocks and their average sell-side analyst ratings, and I was surprised to see that one of the firms with the worst ratings is People's United Financial (PBCT). The stock has a pretty significant following of 18 analysts. Of these, according to Thompson Reuters, 2 have buy ratings on the stock, 11 have hold ratings, and 5 have reduce or sell ratings. Analysts are a notoriously optimistic bunch on the whole, so this is a truly remarkable set of ratings. Very few stocks are as unloved by analysts as PBCT. Perhaps that's why the stock has gone nowhere for the last few months even while the...

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