Nationstar Mortgage Rises 1.47% on Multiple Buy Initiations

Shares of Nationstar Mortgage Holdings NSM are up 1.47% on Monday after the stock was initiated at both Citigroup and Bank of America with Buy ratings. All of the gains have come in the afternoon with the stock falling early in the session. Both Bank of America and Citigroup have an $18.00 price target on the stock. Nationstar Mortgage Holdings Inc. is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.