This post was just published on ZYX Buy Change Alert.
First Niagara Financial Group (FNFG) has long been a buyout target. The reason we have not made this recommendation before is that the target price may not be much higher than the prevailing price. However, now there are credible rumors that Key Bank (KEY) is in advanced talks to buy FNFG.
By making this call now, it is likely that the money will not be tied up for a long time. If there is a competing bidder, there is a potential to make a reasonable gain in a short time.
Consider accumulating up to 50% of the full core position size in the zone of $10 to $10.81. Target zone is $12.50 to $14. Stop zone is $9.23 to $9.38.
You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.
Check out our enviable performance in both bull and bear markets.
