Flagstar Bank price target raised to $15 from $14.50 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Flagstar Bank (FLG) to $15 from $14.50 and keeps a Neutral rating on the shares. FY26/27 EPS guidance was revised lower once again, citing faster CRE-multifamily payoffs resulting in lower retention rate at repricing, notes the analyst, who now forecasts FY26 net interest income of $2B, down from $2.2B, and net interest margin of 2.38%, down from 2.42%.