Piper Sandler analyst Mark Fitzgibbon upgraded HarborOne Bancorp to Neutral from Underweight with a price target of $14.50, up from $13.50. Following quarterly results and updated guidance, he is increasing his 2022 EPS estimate to $1.03 from 89c and raising his 2023 EPS estimate to $1.00. Fitzgibbon cites three main reasons for his upgrade: the company’s "great quarter with solid fundamentals"; a belief that share buybacks are likely to continue and support the stock price; and HarborOne doing a better job than he expected in driving down mortgage company costs.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HONE:
