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Fly News Breaks for November 27, 2015
NSM
Nov 27, 2015 | 06:14 EDT
UBS analyst Matthew Howlett lowered his price target for Nationstar Mortgage Holdings to $33 from $40 but keeps a Buy rating on the name following the company's Q3 results. The lowered price target reflects continued investment in Nationstar's real estate service entity, Xome. Servicing growth and deleveraging of the balance sheet should drive higher earnings and stock prices, Howlett tells investors in a research note.
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