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Jefferies analyst Casey Haire calls First Niagara (FNFG) one of the "cheapest yield plays" in...

Jefferies analyst Casey Haire calls First Niagara (FNFG) one of the "cheapest yield plays" in the banking sector, as he initiates coverage with a Buy rating and $10 price target. Haire notes that the bank's deal to pick up 195 branches from HSBC will keep it off the M&A marketplace.
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