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UPDATE: Keefe, Bruyette & Woods Downgrades Walker & Dunlop on Valuation

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In a report published Wednesday, Keefe, Bruyette & Woods analyst Bose George downgraded the rating on Walker & Dunlop (NYSE: WD) from Outperform to Market Perform, but raised the price target from $17.00 to $18.00.

In the report, Keefe, Bruyette & Woods noted, “We are updating our forecasts for WD following 4Q13 earnings and the recently announced share repurchase. We are raising our EPS estimates to reflect the share repurchase and raise our target to $18 driven by the higher expected earnings. We are reducing our rating to Market Perform based on valuation.”

Walker & Dunlop closed on Tuesday at $16.88.

Latest Ratings for WD

DateFirmActionFromTo
Nov 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Nov 2014Wells FargoUpgradesMarket PerformOutperform
Nov 2014Morgan StanleyMaintainsEqual-weight

View More Analyst Ratings for WD
View the Latest Analyst Ratings

Posted-In: Bose George Bruyette & Woods KeefeAnalyst Color Downgrades Analyst Ratings

 

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