UPDATE: Piper Jaffray Raises Price Target on Altisource Portfolio to $56

According to Piper Jaffray, Altisource Portfolio

price target is raised to $56. Piper Jaffray said that it is increasing its 2012 revenue and EPS estimates for ASPS after further reviewing OCN's two recent deals, ASPS' margin expansion opportunity, and continued diversification efforts in 2H12. “Reiterate Overweight rating.” Altisource Portfolio closed yesterday at $49.26.