Mr. Cooper price target raised to $92 from $86 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Mr. Cooper to $92 from $86 and keeps an Outperform rating on the shares. The analyst increased estimates to reflect the Q1 earnings beat and “significant growth” in the servicing portfolio. The firm cites Mr. Cooper’s strong positioning in a “higher for longer” interest rate environment, given its large servicing portfolio, for the target increase.