Stocks · News reference
TD Cowen analyst Janet Lee maintains Flagstar Bank (NYSE:FLG) with a Buy and lowers the price target from $18 to $17.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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.
Citrini Research predicts a Treasury twist in the market, with banks replacing the Fed as buyers of government debt, leading to a potential short squeeze on 30-year bonds.