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HOUSE_OVERSIGHT_014315 - HOUSE_OVERSIGHT_014396
ial RE cycle. Downside risks are a double dip in housing prices, deteriorating energy portfolio and falling rental income for commercial properties. Banc of California (BANC) To arrive at our $15.50 price objective, we have employed a three-factor valuation methodology that incorporates target P/E, target P/TBV and
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