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UPDATE: Jefferies Upgrades Nationstar Mortgage on Upcoming Catalysts

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In a report published Wednesday, Jefferies analyst Daniel Furtado upgraded the rating on Nationstar Mortgage Holdings (NYSE: NSM) from Hold to Buy, and raised the price target from $40.00 to $64.00.

In the report, Jefferies noted, “We are upgrading NSM to BUY with a $64 price target, which is ~8.5x our FY'15 $7.49 EPS estimate. Upcoming catalysts include: 1) bulk servicing transfers, 2) the impact from higher rates, and, in our opinion, 3) the likely spin-off of SolutionStar, NSM's mortgage services segment.”

Nationstar Mortgage Holdings closed on Tuesday at $55.03.

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: Daniel Furtado JefferiesAnalyst Color Upgrades Analyst Ratings

 

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