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Fly News Breaks for February 13, 2017
FBC
Feb 13, 2017 | 05:52 EDT
Piper Jaffray analyst Kevin Barker upgraded Flagstar Bancorp to Overweight saying the risk/reward is "heavily weighted to the upside" as the market is overly discounting the mortgage banking headwinds. The analyst raised his price target for the shares to $32 from $27.
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