Sep. 10 at 1:30 PM
$FLG Barclays and Piper Sandler reaffirmed BUY ratings on Flagstar today with price targets of
$14 (after meeting with management privately on Monday). With today's PPI print, it would appear the long awaited rate cuts are soon to make a positive impact here. Six more weeks until Flagstar reports "profitability." This one has required a lot of patience, however I personally see
$15 after they report 2025 results and
$17 -
$22 sometime next year. What a fascinating turnaround story to watch. Time will tell!