Wells Fargo Starts Nationstar Mortgage Holdings (NSM) at Outperform; Strong Management Team/Growth Opportunities

Wells Fargo initiates coverage on Nationstar Mortgage Holdings (NYSE: NSM) with an Outperform. PT range $17-19.00.

Analyst, Joel Houck, said, "Our Outperform rating is based on (1) NSM’s strong and well seasoned management; (2) growth opportunities in originations and servicing with a strong active unpaid principal balance (UPB) pipeline; (3) complementary business segments including residential mortgage servicing, originations and ancillary services. We are establishing EPS estimates of $1.50 and $2.80 for 2012 and 2013, respectively."

For an analyst ratings summary and ratings history on Nationstar Mortgage Holdings click here. For more ratings news onNationstar Mortgage Holdings click here.

Shares of Nationstar Mortgage Holdings closed at $14.25 yesterday.

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