JP Morgan Maintains Neutral on Flagstar Financial, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Elian has maintained a Neutral rating on Flagstar Financial (NYSE:FLG) while lowering the price target from $12.5 to $12.
October 29, 2024 | 3:07 pm
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JP Morgan has maintained a Neutral rating on Flagstar Financial and reduced the price target from $12.5 to $12, indicating a cautious outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on Flagstar Financial's short-term performance, which could lead to a negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target reflects potential challenges or lower expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100