UPDATE: Compass Point Upgrades Flagstar Bancorp Following Disclosure of Fannie Mae Settlement

In a report published Thursday, Compass Point analyst Kevin Barker upgraded the rating on Flagstar Bancorp (NYSE: FBC ) from Neutral to Buy, and raised the price target from $15.50 to $20.00. In the report, Compass Point noted, “We are upgrading shares of Flagstar Bank to Buy from Neutral and