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The Honolulu Advertiser

Updated at 4:23 p.m., Friday, September 28, 2007

Analyst cuts Central Pacific rating to 'underperform'

Advertiser Staff

Central Pacific Financial Corp. was cut to "underperform" from "market perform" by financial analyst Frederick Cannon of Keefe, Bruyette & Woods.

Shares of Central Pacific's parent company fell $1.70, or 5.5 percent, to $29.20.