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Fly News Breaks for December 2, 2019
NRZ
Dec 2, 2019 | 08:17 EDT
Compass Point analyst Jason Weaver initiated coverage of New Residential with a Buy rating and $19.00 price target. Shares have been "overly depressed" on "overblown" concerns on its MSRs exposure to rates, according to Weaver, who also sees New Residential having underappreciated potential in its long securities/call rights portfolio.
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