Cantor Fitzgerald

Cantor Fitzgerald Starts Flagstar (FBC) At Hold, $4 Price Target

July 12, 2010, StreetInsider

Early this morning, Cantor Fitzgerald initiated coverage on Flagstar Bancorp (NYSE: FBC) with a Hold rating and $4 price target.

The firm argues that "Flagstar currently has two of the three elements necessary for banking success (capital and management). The third element (a business model capable of generating core deposits and sustained profitability) is only in the very early stage of implementation at present."

To see all the analyst calls on shares of Flagstar, visit our Analyst Ratings page.

Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that offers consumer and commercial financial products and services to individuals, and small and middle market businesses in Michigan, Indiana, and Georgia.