IndyMac Price Target Slashed to $2
IndyMac Bancorp saw its price target cut to just two dollars by analysts Keefe, Brunette, and Woods today who cited rising delinquencies and capital issues.
“We review delinquency trends from the March 2008 securitization remittance reports for IndyMac. As has been the case for some time, credit quality shows little sign of stabilization and Alt-A foreclosures [...]