BofA analyst Ebrahim Poonawala lowered the firm’s price target on Flagstar Financial (FLG) to $12 from $13 and keeps a Neutral rating on the shares post the Q2 report. The firm says the bank’s downward fiscal 2025 earnings guidance overshadows its positive credit trends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLG:
- Flagstar Financial Faces EPS Challenges Amid Positive Credit Trends and Uncertainties
- Cautious Hold Rating for Flagstar Financial Amid Lowered NII Guidance and Potential Rent Freeze Risks
- Flagstar Financial Shows Improvement Amidst Challenges
- Flagstar Financial Plans to Streamline Operations
- Flagstar Financial reports Q2 EPS (19c), consensus (13c)