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Rating: NPBC

National Penn Bancshares, Inc. (NASDAQ: NPBC) downgraded to Neutral by Boenning & Scattergood

Friday,  Apr 20, 2012  4:25 PM ET by Lynn Gilbert

Boenning & Scattergood downgraded National Penn Bancshares, Inc. (NASDAQ: NPBC) to Neutral. Previously,
Boenning & Scattergood rated National Penn Bancshares, Inc. (NASDAQ: NPBC) to Outperform with price target $11 on 04/25/2011, when the stock price was valued at $8.07.

NATIONAL PENN BANCSHARES, INC is a bank holding company engaged in general banking business.

Our equity research team concentrates on companies that aren’t widely covered in sectors such as water distribution/equipment/technology, financial services, business services, aerospace & defense technology, medical technology and retail.

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