** Brokerage RBC Capital Markets raises PT on regional lender Flagstar Financial FLG.N to $13 from $12

** Says the new management team appears capable and understand the importance of task at hand

** "We appreciate the company’s conservatively underwritten, rent-regulated multifamily portfolio that has historically endured the peaks and troughs of a business cycle very well," says brokerage

** New PT implies ~12% upside to stock's last close

** Including session's moves, FLG shares up ~23% YTD compared with a 7.6% fall in the KBW Regional Banking Index .KRX

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))