Mr. Cooper price target raised to $92 from $86 at Keefe Bruyette
The Fly

Mr. Cooper price target raised to $92 from $86 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Mr. Cooper to $92 from $86 and keeps an Outperform rating on the shares. The analyst increased estimates to reflect the Q1 earnings beat and “significant growth” in the servicing portfolio. The firm cites Mr. Cooper’s strong positioning in a “higher for longer” interest rate environment, given its large servicing portfolio, for the target increase.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App