Citi analyst Benjamin Gerlinger raised the firm’s price target on Flagstar Financial (FLG) to $15.50 from $15 and keeps a Buy rating on the shares after the company filed a motion for the appointment of a court ordered receiver against Pinnacle Group. The firm cites the positive legal update for the target bump.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLG:
- Flagstar Financial initiated with a Hold at Truist
- Flagstar Financial Inc put volume heavy and directionally bearish
- Flagstar Financial Inc call volume above normal and directionally bullish
- Flagstar Financial price target raised to $13 from $12 at Morgan Stanley
- Flagstar Financial: Hold Rating Amid Mixed Performance and Strategic Growth Initiatives