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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:19 EDTWAC, PFSI, NSM, HLSSNationstar, Walter Investment downgraded to Underperform at Wells Fargo
Wells Fargo downgraded both Nationstar (NSM) and Walter Investment (WAC) to Underperform from Market Perform and reduced its sector weighting for Mortgage Servicers to Underweight from Market Weight after its cash flow analysis pointed to share downside. Wells also highlights the continued regulatory issues for the space. The firm lowered its price target range for Nationstar shares to $25-$27 from $29-$32 and for Walter to $22-$24 from $27-$32. Wells keeps Buy ratings on Home Loan Servicing (HLSS) and PennyMac (PFSI).
News For NSM;WAC;HLSS;PFSI From The Last 14 Days
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July 27, 2015
08:32 EDTPFSIPennyMac Financial sees Q2 EPS 57c-61c, consensus 60c
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July 16, 2015
07:34 EDTNSMNationstar a 'show me' story, says UBS
UBS lowered their estimates and price target on Nationstar to reflect reduced capital deployment and margin performance and said the stock is now a "show me" story. The firm, however, believes the stock's correction is "well over done" and expects earnings improvement starting in Q2 to be a turning point. UBS reiterated its Buy rating but lowered its price target to $40 from $45 on Nationstar shares.

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