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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:57 EDTWACWalter Investment overall returns set to rebound, says Sterne Agee
Sterne Agee thinks that Walter Investment's servicing business is "on solid footing." The firm expects the company's overall returns to improve in FY14 and FY15. However, it lowered its price target on the stock to $45 from $56, citing investors' recently revised valuation of the company's sector. Nevertheless the firm keeps a Buy rating on the stock.
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