Sterne Agee Initiates Coverage on Home Loan Servicing Solutions with Buy Rating, $14.50 PT

In a company report released earlier today, Sterne Agee Group LLC initiated coverage on Home Loan Servicing Solutions Ltd.

with a Buy rating and a price target of $14.50. Sterne Agee went on to say “HLSS offers an attractive dividend yield and based on our price target, a total return approaching 15%. The company is expected to distribute the bulk of its reported EPS as dividends and is investing in an asset class whose performance should improve as rates rise.” Home Loan Servicing Solutions Ltd. closed yesterday at $13.74.