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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLG:
- Flagstar Financial price target raised to $13 from $12 at UBS
- Flagstar Financial price target raised to $16 from $15 at Cantor Fitzgerald
- Flagstar Financial price target raised to $15 from $14 at Barclays
- Flagstar Financial price target raised to $15 from $14 at JPMorgan
- Unusually active option classes on open December 10th