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Fly News Breaks for August 21, 2019
CLGX
Aug 21, 2019 | 07:26 EDT
Barclays analyst Mark DeVries initiated CoreLogic with an Overweight rating and $54 price target, stating that he expects accelerating top- and bottom-line growth and higher margins through 2021 amid a normalization of the U.S. mortgage market. He also points to cost savings associated with a shift to the Google Cloud Platform and its ongoing cost management measures. Additionally, DeVries sees the company having flexibility for a range of accretive uses of capital that is not reflected in estimates as the end of its appraisal management transformation should free some cash.
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