Morgan Stanley Maintains Equal-Weight on New York Community, Lowers Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Equal-Weight rating on New York Community Bancorp (NYCB) but reduced the price target from $12 to $10.5.
December 04, 2023 | 4:01 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on NYCB but lowered the price target from $12 to $10.5, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less upside potential in NYCB's stock, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100