Yadkin upped to Strong Buy at RayJay

|About: Yadkin Financial Corpora... (YDKN)|By:, SA News Editor

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.