Market Overview

UPDATE: Credit Suisse Reinstates Coverage On New Residential Investment As Advances Are Performing Better Than Expected

Related NRZ
22 Stocks Moving In Thursday's Pre-Market Session
4 Stocks Moving In Monday's After-Hours Session: FDA, Earnings, Dividends And M&A

In a report published Friday, Credit Suisse analyst Douglas Harter reinstated coverage on New Residential Investment Corp. (NYSE: NRZ) with an Outperform rating and $7.00 price target.

In the report, Credit Suisse noted, “We are reinstating coverage of New Residential with an Outperform rating and a $7 target price. The current mix of business allows NRZ to generate an attractive return that is not sensitive to interest rates. We also see enough breadth to the NRZ opportunity set that we have confidence in the sustainability of returns. The combination of these factors give us confidence in NRZ's ability to deliver attractive risk-adjusted returns.”

New Residential Investment closed on Thursday at $6.20.

Latest Ratings for NRZ

Oct 2016WedbushInitiates Coverage onOutperform
Sep 2016PiperJaffrayAssumesNeutral
Aug 2016BarclaysMaintainsOverweight

View More Analyst Ratings for NRZ
View the Latest Analyst Ratings

Posted-In: Credit Suisse Douglas HarterAnalyst Color Initiation Analyst Ratings


Related Articles (NRZ)

View Comments and Join the Discussion!