Ocwen Financial Corp. (OCN) Misses Q1 Expectations

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Go back to Ocwen Financial Corp. (OCN) Misses Q1 Expectations

Jefferies Chops Numbers on Ocwen Financial (OCN) Post Q1 But Keeps 'Buy' Rating

May 2, 2014 11:21 AM EDT

Jefferies analyst Daniel Furtado slashed estimates and his price target on Ocwen Financial Corp (NYSE: OCN) to $42.00 (from $52.00) but maintianed a Buy rating following Q1 results.

Furtado commented, "OCN reported in-line revenues, but higher expenses resulted in a 45c miss to our 98c... More