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.
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 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