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Fly News Breaks for October 31, 2019
NYCB
Oct 31, 2019 | 06:39 EDT
RBC Capital analyst Steven Duong downgraded New York Community Bancorp to Sector Perform from Outperform with a $13 price target. The analyst notes that he previously expected the company's loan growth headwinds to "remain muted" amid "strong" refinancing volumes, but sees its latest Q3 results and management commentary signaling an "opaque" outlook for 2020 loan.
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