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Fly News Breaks for March 3, 2015
OCN
Mar 3, 2015 | 07:01 EDT
Piper Jaffray believes Ocwen is heading in the right direction after last night's update highlighted an improving liquidity position. Piper continues to believe Ocwen shares offer value for investors with a long-term horizon, but notes it views the company's exploration of strategic alternatives as a "head scratcher." It keeps an Overweight on the stock with an $18 price target.
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