Wedbush Raises Price Target on Walker & Dunlop (WD) Following 3Q
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Wedbush reiterates Neutral rating on Walker & Dunlop (NYSE: WD), and raised the price target to $28.00 (from $26.75), following the company's 3Q earnings report.
Analyst Jason Weaver commented, "We maintain our NEUTRAL rating and Operating EPS estimate for Q4 this year of $0.96. Due to the company’s TTM Gain on Sale (GOS) margins and targeted 2016 origination guidance, we are raising forecasted EPS for 2017."
Shares of Walker & Dunlop closed at $29.38 yesterday.
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