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UPDATE: Morgan Stanley Initiates Walter Investment Management at Overweight, 'Ramping Growth, Leveraged to Rising Rates'


In a report published on Wednesday, Morgan Stanley analyst Cheryl M. Pate initiated Walter Investment Management (NYSE: WAC) at Overweight and set a $43 price target.

In the report, Morgan Stanley stated, "WAC is a growth story with a servicing portfolio positively leveraged to rising rates. Growth drivers: capitalizing on the HARP opportunity, growing origination share, and the reverse mortgage business."

Walter Investment Management closed on Tuesday at $31.77.

Latest Ratings for WAC

May 2017UpgradesUnderperformMarket Perform
Dec 2016DowngradesMarket PerformUnderperform
Aug 2016MaintainsUnderweight

View More Analyst Ratings for WAC
View the Latest Analyst Ratings

Posted-In: Cheryl M. Pate Morgan StanleyAnalyst Color Initiation Analyst Ratings


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