Wedbush Maintains Underperform on New York Community, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains an Underperform rating on New York Community (NYCB) and lowers the price target from $5 to $3.5.
March 01, 2024 | 1:34 pm
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Wedbush analyst David Chiaverini maintains an Underperform rating on New York Community and lowers the price target from $5 to $3.5.
The reduction in price target by a significant margin from $5 to $3.5 by a reputable analyst firm like Wedbush is likely to negatively impact investor sentiment towards NYCB in the short term. This adjustment reflects a bearish outlook on the stock, suggesting that the analyst sees potential downside risks outweighing the upside.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100