BofA lowered the firm’s price target on Flagstar Financial (FLG) to $13 from $14 and keeps a Neutral rating on the shares. The firm, which sees downside risk to growth outlooks for the regional bank group, lowered EPS estimates due to weaker than anticipated loan demand and capital markets activity to start the year.
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Read More on FLG:
- Flagstar Financial Inc put volume heavy and directionally bearish
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- Flagstar Financial Delays Annual Report Filing
- Flagstar Financial Announces Virtual 2025 Shareholder Meeting
- Flagstar Financial price target raised to $14 from $12 at BofA
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