Wedbush Downgrades New York Community to Underperform, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini downgraded New York Community (NYSE:NYCB) from Neutral to Underperform and reduced the price target from $12 to $8.
November 14, 2023 | 1:06 pm
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Wedbush analyst David Chiaverini downgraded New York Community from Neutral to Underperform and lowered the price target from $12 to $8.
The downgrade by a Wedbush analyst from Neutral to Underperform suggests a bearish outlook on the stock, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term. The reduction in the price target from $12 to $8 further emphasizes the analyst's lack of confidence in the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100