RBC Capital analyst Jon Arfstrom lowered the firm’s price target on Flagstar Financial (FLG) to $13 from $14 and keeps a Sector Perform rating on the shares. The firm adjusted regional bank targets as part of a Q4 preview. RBC sees bank outlooks as “relatively stable” from Q3 earnings. It remains “constructive” on regional bank fundamentals heading into earnings, seeing strengthening loan and revenue growth as key drivers.
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