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The Honolulu Advertiser

Posted at 11:40 a.m., Wednesday, October 31, 2007

Central Pacific stock rating raised to market perform

Advertiser Staff

Shares of Central Pacific Financial were raised to market perform from underperform by analyst Frederick Cannon at Keefe, Bruyette & Woods, Bloomberg News reported.

The price target is $24.00 per share. Central Pacific shares have fallen in recent weeks because of problem real estate loans. Shares of the Honolulu-based financial institution fell 32 cents to $22.43 in today's trading.