Wedbush Starts New Residential Investment (NRZ) at Outperform

October 6, 2016 7:17 AM EDT
Get Alerts NRZ Hot Sheet
Price: $16.00 +0.76%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Wedbush initiates coverage on New Residential Investment (NYSE: NRZ) with a Outperform rating and a price target of $17.00.

Analyst Jason Weaver commented, "Initiating on NRZ at OUTPERFORM as a high total return opportunity with balanced risks due to unique mortgage + servicing portfolio structure and option-like upside possibility from call rights strategy and opportunistic investments."

For an analyst ratings summary and ratings history on New Residential Investment click here. For more ratings news on New Residential Investment click here.

Shares of New Residential Investment closed at $13.48 yesterday.

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