Mr. Cooper price target raised to $64 from $63 at Piper Sandler

Piper Sandler analyst Kevin Barker raised the firm’s price target on Mr. Cooper to $64 from $63 and keeps an Overweight rating on the shares following recent meetings with management. The analyst believes the company’s new guidance coupled with more conviction surrounding buying back stock has led to a rally in the shares. Mr. Cooper is one of the very few mortgage companies on pace to produce increasing earnings over the next few quarters, Barker tells investors in a research note.