Market Overview

UPDATE: Jefferies Initiates Walter Investment Management at Buy on Valuation


In a report published Friday, Jefferies analyst Daniel Furtado initiated coverage on Walter Investment Management (NYSE: WAC) with a Buy rating and $40.00 price target.

In the report, Jefferies noted, “We are initiating coverage on shares of WAC with a Buy rating and a price target of $40. We view shares of WAC positively as we expect the company's earnings to be less dependent on origination revenues vs. other names in the comp group. Trading to 6.1x our FY'14 GAAP EPS estimate we believe the shares are attractively priced given the company's lower reliance on origination income.”

Walter Investment Management closed on Thursday at $33.45.

Latest Ratings for WAC

May 2017Wells FargoUpgradesUnderperformMarket Perform
Dec 2016Keefe Bruyette & WoodsDowngradesMarket PerformUnderperform
Aug 2016BarclaysMaintainsUnderweight

View More Analyst Ratings for WAC
View the Latest Analyst Ratings


Related Articles (WAC)

View Comments and Join the Discussion!

Posted-In: Daniel Furtado JefferiesAnalyst Color Initiation Analyst Ratings

Latest Ratings

XLRNH.C. WainwrightReiterates137.0
RMTIHC Wainwright & Co.Maintains9.0
HRVSFCantor FitzgeraldMaintains1.1
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