Guild Holdings price target lowered to $14 from $15 at JMP Securities

JMP Securities analyst Trevor Cranston lowered the firm’s price target on Guild Holdings to $14 from $15 but keeps an Outperform rating on the shares. The price target trim reflects the company’s Q1 earnings miss last month as Guild continues to be impacted by challenging industry market conditions, the analyst tells investors in a research note. The company’s differentiated purchase-market driven strategy, coupled with its acquisition-savvy approach to adding complementary smaller mortgage lenders, should pay dividends over time and result in increased market share, the firm added.