Compass Point raised the firm’s price target on Mr. Cooper to $76 from $67 and keeps a Buy rating on the shares. The firm, which is updating its investment thesis and estimates, views Mr. Cooper as “uniquely positioned as the most servicing exposed public mortgage originator/servicer that has one of if not the best cost structures in the industry,” the analyst tells investors.
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Read More on COOP:
- Mr. Cooper reports Q3 EPS $4.06, may not compare consensus $1.67
- Mr. Cooper (COOP) Q3 Earnings Cheat Sheet
- 3 Best Stocks to Buy Now, 10/3/2023, According to Top Analysts
- Mr. Cooper upgraded to Outperform from Market Perform at Keefe Bruyette
- Mr. Cooper price target raised to $67 from $64 at Compass Point
