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Flagstar Financial price target lowered to $11.50 from $13 at UBS

UBS lowered the firm’s price target on Flagstar Financial (FLG) to $11.50 from $13 and keeps a Neutral rating on the shares. Flagstar is on track to deliver anticipated PPNR gains and credit improvement for the year, which at a minimum should succeed in flipping to adjusted EPS profitability in Q4, the analyst tells investors in a research note.

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