Mr. Cooper price target raised to $97 from $95 at Compass Point

Compass Point raised the firm’s price target on Mr. Cooper to $97 from $95 and keeps a Buy rating on the shares after the company reported Q1 operating EPS of $2.28, above the firm’s $1.71 estimate and the consensus at $2.05. The firm believes the Q1 results continue to “show the power of the company’s best in class operating expense structure” and ability to continue acquiring significant MSR UPB to continue scaling the company’s earnings potential, the analyst tells investors.