Citigroup Initiates Coverage On New York Community with Neutral Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has initiated coverage on New York Community (NYSE:NYCB) with a Neutral rating and a price target of $12.
September 29, 2023 | 11:46 am
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NEUTRAL IMPACT
Citigroup's analyst has initiated coverage on NYCB with a Neutral rating, which may influence investor sentiment towards Citigroup.
As Citigroup's analyst has initiated coverage on NYCB, this could potentially influence how investors perceive Citigroup's market analysis capabilities. However, as the rating is Neutral, it's unlikely to have a significant impact on Citigroup's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has initiated coverage on NYCB with a Neutral rating and a price target of $12, which could influence investor sentiment towards NYCB.
The initiation of coverage by Citigroup, a major financial institution, could influence investor sentiment towards NYCB. However, as the rating is Neutral and the price target is likely in line with current market expectations, it's unlikely to have a significant impact on NYCB's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100