Altisource Portfolio Solutions (ASPS) Tops Q1 EPS by 23c

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Go back to Altisource Portfolio Solutions (ASPS) Tops Q1 EPS by 23c

Piper Jaffray Downgrades Altisource Portfolio Solutions (ASPS) to Underweight

May 2, 2016 6:41 AM EDT

Piper Jaffray downgraded Altisource Portfolio Solutions (NASDAQ: ASPS) from Neutral to Underweight with a price target of $16.00 (from $24.00), saying the legal/regulatory risk is too high.

Analyst Kevin Barker commented, "We are downgrading our rating on ASPS to Underweight from Neutral and lowering our PT to $16 from... More