Flagstar Financial price target raised to $13 from $12 at Morgan Stanley

Morgan Stanley analyst Manan Gosalia raised the firm’s price target on Flagstar Financial (FLG) to $13 from $12 and keeps an Equal Weight rating on the shares. Given the traction that Flagstar is already seeing with its commercial banking initiatives, and their plans for further hiring through the rest of the year, the firm is more confident in the bank’s C&I loan growth going forward than it was coming into earnings and it is taking up EPS estimates for 2026 and 2027, the analyst tells investors.