Bank of America Downgrades Ocwen Financial To Neutral

Analysts at Bank of America downgraded Ocwen Financial

from Buy to Neutral. The price target for Ocwen Financial has been lowered from $35 to $23. Ocwen Financial shares have dropped 24.28% over the past 52 weeks, while the S&P 500 index has gained 10.64% in the same period. Ocwen Financial's shares dropped 6.70% to $20.04 in pre-market trading.