Wedbush Starts Walker & Dunlop (WD) at Neutral

October 6, 2016 7:20 AM EDT
Get Alerts WD Hot Sheet
Price: $24.23 +0.41%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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Wedbush initiates coverage on Walker & Dunlop (NYSE: WD) with a Neutral rating and a price target of $26.75.

Analyst Jason Weaver commented, "WD's position is clear as the leading provider of GSE and private label multifamily finance and is continuing to expand into new verticals. Still, at current levels, we see the shares as close to fairly valued given peer valuations and questions surrounding the changes that may take place in multifamily demand and associated mortgage origination trends."

For an analyst ratings summary and ratings history on Walker & Dunlop click here. For more ratings news on Walker & Dunlop click here.

Shares of Walker & Dunlop closed at $25.79 yesterday.

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