Citigroup Maintains Neutral on New York Community, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has maintained a Neutral rating on New York Community Bancorp (NYCB) and reduced the price target from $12 to $11.

December 14, 2023 | 7:44 pm
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Citigroup has maintained a Neutral rating on New York Community Bancorp and lowered the price target from $12 to $11, indicating a potential downside or limited upside.
The reduction in price target by Citigroup suggests that the bank's stock may have limited upside potential or a possible downside, which could lead to a negative short-term impact on NYCB's stock price. As the rating remains Neutral, the impact is not expected to be highly significant, but it does imply that the analyst sees less value in the stock at its current price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100