Barclays raised the firm’s price target on Mr. Cooper to $85 from $80 and keeps an Overweight rating on the shares as part of a Q1 preview for the mortgage finance space. Seasonally lower Q1 volumes plus a 30-year mortgage rate that is 7% for the quarter should present challenges for volumes and margins in Q1 for the stocks more levered to originations, the analyst tells investors in a research note.
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