Jefferies Downgrades New York Community to Hold, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Casey Haire downgraded New York Community (NYSE:NYCB) from Buy to Hold and reduced the price target from $13 to $7, indicating a more cautious outlook on the stock.
February 01, 2024 | 10:35 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jefferies downgraded New York Community from Buy to Hold and cut the price target from $13 to $7, signaling a bearish outlook.
The downgrade from Buy to Hold by a prominent analyst at Jefferies, coupled with a significant reduction in the price target, suggests a bearish outlook for NYCB. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100