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

|About: First Niagara Financial G... (FNFG)|By:, SA News Editor

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.