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Fly News Breaks for January 5, 2016
NYCB
Jan 5, 2016 | 06:38 EDT
Sterne Agee CRT analyst Peter Winter upgraded New York Community Bancorp (NYCB) to Buy and maintained his $18 price target on shares. Winter said the sell-off in shares is overdone following the acquisition of Astoria Financial (AF). The analyst expects New York Community Bancorp to be a solid earnings grower through balance sheet expansion, debt restructuring, and accretion from the Astoria acquisition.