Nationstar pullback in shares overdone, says Wells Fargo Wells Fargo attributes the pullback in shares of Nationstar to portfolio run-off concerns following a report from a competitor. Wells views the sell-off as overdone and keeps an Outperform rating on the stock.
Nationstar downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded Nationstar Mortgage Holdings to Market Perform citing a lower earnings outlook following the company's Q4 results. FBR says Nationstar's expense outlook overshadows its revenue growth. It cut its price target for shares to $30 from $35.