Market Overview

UPDATE: Sterne Agee Upgrades Nationstar Mortgage Holdings to Buy on Servicing Acquisition

Share:

Sterne Agee upgraded Nationstar Mortgage Holdings Inc. (NYSE: NSM) from Neutral to Buy and announced a $47.00 price target.

Sterne Agee commented, "The primary factor driving shares to our price target is the likelihood that there will be more servicing developments on the horizon. A secondary set of factors will include the company's success at meeting targeted improvements in the operating performance of its servicer, its ability to integrate acquired servicing, and the growth of its mortgage company (driven mainly by recapture and loan modification). Approximately $3.00 per share of our $47 price target can be attributed to servicing acquisitions not currently in place."

Nationstar Mortgage Holdings closed at $38.83 on Thursday.

Latest Ratings for NSM

DateFirmActionFromTo
Jul 2018UpgradesMarket PerformOutperform
Jul 2018MaintainsUnderweightUnderweight
Mar 2018MaintainsUnderweightUnderweight

View More Analyst Ratings for NSM
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (NSM)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
YAYOAegis CapitalInitiates Coverage On3.3
ASPNCanaccord GenuityReiterates12.0
FFIVCredit SuisseMaintains160.0
UPSUBSMaintains134.0
FFIVRBC CapitalMaintains147.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com