FIRST NIAGARA (FNFG) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of FIRST NIAGARA (FNFG) from NEUTRAL to UNDERPERFORM on May 31, 2012, with a target price of $7.60.

First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank.

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