UPDATE: Sterne Agee Downgrades Signature Bank As Shares Move Within 1% Of Price Target

In a report published Wednesday, Sterne Agee analyst Peyton Green downgraded Signature Bank (NASDAQ: SBNY ) from a Buy rating to a Neutral rating and removed the $109.00 price target. In the report, Sterne Agee said, "We are lowering our rating on SBNY to Neutral from Buy, as the shares