PHH Corp. (PHH) Reports Q2 Loss Per Share of $1.43

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FBR Capital Downgrades PHH Corporation (PHH) to Market Perform

August 7, 2015 6:45 AM EDT

FBR Capital downgraded PHH Corporation (NYSE: PHH) from Outperform to Market Perform with a price target of $20.00 (from $28.00) given lack of near-term catalyst and regulatory headwinds.

Analyst Paul J. Miller, Jr. commented, "We are downgrading shares of PHH to Market Perform from Outperform... More