Flagstar Financial price target raised to $16 from $14 at Morgan Stanley

Morgan Stanley raised the firm’s price target connected Flagstar Financial (FLG) to $16 from $14 and keeps an Equal Weight standing connected the shares. The steadfast is expanding terms targets by a median 8% crossed the midcap banks group. While noting that caller outperformance means “the barroom is higher from here,” the steadfast remains optimistic connected the group, citing tailwinds from indebtedness growth, nett involvement borderline and superior return.

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