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Fly News Breaks for February 6, 2019
NYCB
Feb 6, 2019 | 05:43 EDT
UBS analyst Brock Vandervliet upgraded New York Community Bancorp to Buy and raised his price target for the shares to $15 from $10. Following the Q4 earnings report, the analyst has greater conviction in the "funding picture." Better debt repricing dynamics drive his estimates for New York Community higher. The company's overall financial performance should improve significantly as a net interest margin inflection coincides with a sharply lower expense base, Vandervliet tells investors in a research note.
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