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RBC Capital Maintains Sector Perform on Flagstar Bank, Lowers Price Target to $15

Benzinga Newsdesk

RBC Capital analyst Jon G. Arfstrom maintains Flagstar Bank (NYSE:FLG) with a Sector Perform and lowers the price target from $16 to $15.

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    Is the Options Market Predicting a Spike in Flagstar Bank Stock?

    The Federal Reserve raised interest rates as anticipated and reported modestly higher inflation expectations. Despite this, the Fed raised its GDP outlook and characterized the labor market as solid. Options traders are pricing in significant volatility for Flagstar Bank, with analysts downgrading earnings estimates over the past 60 days.

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