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Fly News Breaks for January 31, 2020
KRNY
Jan 31, 2020 | 06:04 EDT
Piper Sandler analyst Mark Fitzgibbon downgraded Kearny Financial to Neutral from Overweight with a price target of $14, down from $15.50. The analyst reduced his estimates following the company's Q4 results and updated guidance. Although still a fan of management's strategy of enriching the mix of assets and liabilities as well as working down the cost structure of the organization, he thinks "it is likely to be a slow process."
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