BUZZ-Citi upgrades Flagstar Financial to 'buy' as profitability improvement beckons

Reuters2025-04-04

** Citi Research upgrades regional lender Flagstar Financial FLG.N to "buy" from "neutral" and raises PT to $15 from $13.50

** Brokerage says with economic growth concerns controlling the current narrative, FLG's recent valuation compression offers investors opportunity to buy a bank with notable amount of potential upside

** Citi expects FLG valuation to improve given a line of sight to profitability return by Q4 2025

** Says lowering deposit costs and operational expenses are key to ending 2025 with a profitability ramp

** Citi's new PT on FLG represents 39% upside to stock's last close

** Four of 16 brokerages rate the stock "buy" or higher and 12 "hold"; median PT $13.50 - data compiled by LSEG

** As of last close, FLG stock up 15.6% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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