Wedbush Starts Nationstar Mortgage (NSM) at Outperform

March 27, 2017 4:27 PM EDT
Get Alerts NSM Hot Sheet
Price: $18.27 --0%

Rating Summary:
    6 Buy, 5 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 23 | New: 34
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Wedbush initiates coverage on Nationstar Mortgage (NYSE: NSM) with a Outperform rating and a price target of $19.00.

Analyst Henry Coffey commented, "We are initiating coverage of NSM with an OUTPERFORM rating and a $19.00 price target. NSM is one of two remaining profitable independent public residential mortgage companies. Its primary growth channels going forward
are expected to be its servicing/subservicing business and its ability to "capture" additional mortgage production from its servicing portfolio. We believe 2017 should be a transitional year and the benefits of this strategy more apparent in 2018."

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

Shares of Nationstar Mortgage closed at $14.95 yesterday.

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