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Fly News Breaks for February 10, 2020
NYCB
Feb 10, 2020 | 06:02 EDT
Piper Sandler analyst Mark Fitzgibbon upgraded New York Community Bancorp to Overweight from Neutral with an unchanged price target of $13. With the stock down about 5% since the company released earnings two weeks ago, the shares have gotten "a touch oversold," Fitzgibbon tells investors in a research note. He believes New York Community's valuation "now appears compelling." Low interest rates for the foreseeable future make the company's 6.1% dividend yield "look pretty darn attractive," says Fitzgibbon.
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