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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:05 EDTPFSIPennyMac upgraded to Buy from Hold at Jefferies
News For PFSI From The Last 14 Days
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July 16, 2014
07:19 EDTPFSINationstar, 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).

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