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Fly News Breaks for February 26, 2020
FBC
Feb 26, 2020 | 06:07 EDT
Piper Sandler analyst Scott Siefers upgraded Flagstar Bancorp to Overweight from Neutral with an unchanged price target of $39. The analyst believes Flagstar's mortgage concentration "should render it a relative winner in what is rapidly becoming a more challenging environment for the banking space." Further, the recent pullback in the shares yield a much more attractive entry point, Siefers tells investors in a research note.
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