Barclays Initiates New Residential Investment With Overweight

Barclays initiated coverage on

with a Overweight rating. The target price for New Residential Investment is set to $19. New Residential Investment shares have gained 27.97 percent over the past 52 weeks, while the S&P 500 index has surged 6.59 percent in the same period. New Residential Investment shares fell 0.66 percent to $16.50 in after-hours trading.