BTIG keeps a Buy rating on Rithm Capital (RITM) with a $13 price target after the company announced it has agreed to acquire Computershare Mortgage Services and certain affiliated companies from Computershare. The analyst “strongly” supports Rithm boosting scale as a mortgage servicer right now and does not believe the Computershare acquisition “would distract or derail” the company’s opportunity to buy Sculptor Capital (SCU). Rithm remains the analyst’s top pick on both an absolute and relative basis.
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Read More on RITM:
- Rithm Capital price target raised to $12 from $11 at Compass Point
- Rithm Capital to acquire Specialized Loan Servicing for $720M
- Weinstein group updates offer for Sculptor, Bloomberg reports
- Sculptor founding partners request more information about $12.76 bid
- Sculptor committee says bidder consortium proposal not superior
