Citi analyst Benjamin Gerlinger raised the firm’s price target on Flagstar Financial (FLG) to $16.50 from $15.50 and keeps a Buy rating on the shares. The firm believes upcoming interest rate cuts by the Federal Reserve can serve as positive catalysts for regional bank valuations.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLG:
- Unusually active option classes on open August 25th
- Flagstar Financial Announces Internal Reorganization Plan
- Flagstar Financial Inc put volume heavy and directionally bearish
- New York Community Bancorp’s Optimistic Earnings Call Highlights
- Flagstar Financial price target lowered to $12 from $13 at BofA