Wedbush Starts Walker & Dunlop (WD) at Neutral
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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."
Shares of Walker & Dunlop closed at $25.79 yesterday.
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