Raymond James Maintains Strong Buy on New York Community, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss has maintained a 'Strong Buy' rating on New York Community (NYSE:NYCB) but lowered the price target from $17 to $14.
October 27, 2023 | 1:38 pm
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POSITIVE IMPACT
Despite the lowered price target, the 'Strong Buy' rating maintained by Raymond James indicates a positive outlook for NYCB.
The 'Strong Buy' rating indicates that Raymond James believes NYCB's stock will outperform the market or its sector in the short term. However, the lowered price target suggests a downward revision of the stock's future value. The net impact is likely positive due to the maintained 'Strong Buy' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100