Yadkin upped to Strong Buy at RayJay


The move follows last week's agreement between Yadkin Financial (YDKN) and VantageSouth Bancshares (VSB) to commence a merger-of-equals, with VantageSouth stockholders to receive 0.3125 shares of Yadkin for each share they own. The combination would create North Carolina's largest community bank with $4B in assets.

Raymond James upgrades from Outperform to Strong Buy with $23 price target.

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