Deutsche Bank Downgrades New York Community to Hold, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bernard von-Gizycki downgraded New York Community (NYSE:NYCB) from Buy to Hold and reduced the price target from $15 to $7.

February 02, 2024 | 11:51 am
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Deutsche Bank downgraded New York Community from Buy to Hold and lowered the price target from $15 to $7.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The significant reduction in the price target further emphasizes a bearish view, likely influencing investor sentiment and potentially leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100