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Fly News Breaks for July 16, 2015
NSM
Jul 16, 2015 | 07:34 EDT
UBS lowered their estimates and price target on Nationstar to reflect reduced capital deployment and margin performance and said the stock is now a "show me" story. The firm, however, believes the stock's correction is "well over done" and expects earnings improvement starting in Q2 to be a turning point. UBS reiterated its Buy rating but lowered its price target to $40 from $45 on Nationstar shares.
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