Raymond James Downgrades New York Community to Underperform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss downgraded New York Community (NYSE:NYCB) from Market Perform to Underperform, indicating a negative outlook on the stock.
March 18, 2024 | 10:05 am
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New York Community was downgraded by Raymond James from Market Perform to Underperform, suggesting a bearish view on the stock's future performance.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a bearish outlook on the company's future performance. Given the downgrade is from a neutral to a negative stance, it's likely to influence investor sentiment and potentially lead to a decrease in stock price.
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