UPDATE: Jefferies Upgrades Nationstar Mortgage on Upcoming Catalysts
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
|Jan 2017||Compass Point||Downgrades||Neutral||Sell|
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