Morgan Stanley Maintains Equal-Weight on New York Community, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on New York Community (NYCB) and lowers the price target from $6 to $4.
March 07, 2024 | 10:50 am
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Morgan Stanley has maintained its Equal-Weight rating on New York Community but reduced the price target from $6 to $4.
The reduction in price target by a reputable analyst like Manan Gosalia from Morgan Stanley could lead to negative investor sentiment towards NYCB in the short term, potentially causing a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100