Mr. Cooper price target raised to $48 from $41 at Barclays

Barclays analyst Mark DeVries raised the firm’s price target on Mr. Cooper to $48 from $41 and keeps an Equal Weight rating on the shares post the Q4 results. Cooper’s balanced business model demonstrated strength in Q4 with servicing picking up the slack of a bad origination environment, the analyst tells investors in a research note. However, the firm views the stock’s valuation as fair at current levels.