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UPDATE: Keefe, Bruyette & Woods Downgrades Home Loan Servicing Solutions On Valuation

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In a report published Friday, Keefe, Bruyette & Woods analyst Bose George downgraded the rating on Home Loan Servicing Solutions Ltd (NASDAQ: HLSS) from Outperform to Market Perform, but reiterated the $18.00 price target.

In the report, Keefe, Bruyette & Woods noted, "We are downgrading HLSS to Market Perform from Outperform based on valuation since the shares are trading at 96% of book value. We are also reducing our 2015/2016 EPS estimates to incorporate an increase in funding costs and lower advance rates. We maintain our $18 price target."

Home Loan Servicing Solutions closed on Thursday at $17.22.

Latest Ratings for HLSS

DateFirmActionFromTo
Feb 2015PiperJaffrayDowngradesOverweightNeutral
Feb 2015BarclaysDowngradesOverweightEqual-Weight
Feb 2015PiperJaffrayDowngradesOverweightNeutral

View More Analyst Ratings for HLSS
View the Latest Analyst Ratings

 

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Posted-In: Bose George Bruyette & Woods KeefeAnalyst Color Downgrades Analyst Ratings

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