RBC Capital analyst Jon Arfstrom raised the firm’s price target on Flagstar Financial (FLG) to $15 from $13 and keeps a Sector Perform rating on the shares. The company reported a solid quarter with an inflection in profitability as an important milestone, the analyst tells investors in a research note. On core fundamentals, trends are aligning to management’s strategic plan as core C&I – commercial and industrial – production is strengthening, while Commercial Real Estate balances continue to decline, the firm added.
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