Deutsche Bank Starts Home Loan Servicing (HLSS) at Hold; Dividends Likely to Drive Returns

Deutsche Bank initiates coverage on Home Loan Servicing (NASDAQ: HLSS) with a Hold. PT $14.00.

Deutsche analyst said, "We expect HLSS to post stable earnings and attractive dividends; however, given likely future capital raises to finance portfolio growth, we believe dividends are likely to drive the majority of returns from current levels. Therefore, we rate shares a Hold. Longer-term, we believe the portfolio
benefits from a natural hedge against increasing rates, which is likely to make
HLSS more attractive relative to peers as short-term rates increase."

For an analyst ratings summary and ratings history on Home Loan Servicing click here. For more ratings news on Home Loan Servicing click here.

Shares of Home Loan Servicing closed at $13.94 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Movano (MOVE) Misses Q2 EPS by 195c
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49