Stonegate Mortgage Corporation (SGM) Misses Q3 EPS by 26c

Go back to Stonegate Mortgage Corporation (SGM) Misses Q3 EPS by 26c

FBR Capital Downgrades Stonegate Mortgage (SGM) to Market Perform

November 10, 2014 7:15 AM EST

FBR Capital downgraded Stonegate Mortgage (NYSE: SGM) from Outperform to Market Perform with a price target of $13.00 (from $16.00).

Analyst Paul J. Miller, Jr., commented, "Following 3Q14 earnings, we are downgrading our rating on Stonegate Mortgage Corporation (SGM) shares to Market Perform from Outperform and moving our price target to $13 from $16. Our... More