BofA analyst Ebrahim Poonawala raised the firm’s price target on Flagstar Financial (FLG) to $14.50 from $13 and keeps a Neutral rating on the shares. “Solid” Q4 results, which marked a return to profitability, were overshadowed by balance sheet contraction and a lowered outlook for FY26 and FY27 net interest income, says the analyst, who trimmed the firm’s FY26 and FY27 EPS estimates by 1.5% and 0.3%, respectively.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $15 from $14 at TD Cowen
- Flagstar Financial price target raised to $15 from $13 at RBC Capital
- Flagstar Financial price target raised to $16 from $15 at DA Davidson
- Flagstar Financial price target raised to $15 from $14.50 at JPMorgan
- Flagstar Financial price target raised to $14 from $13.50 at Keefe Bruyette
