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Fly News Breaks for February 16, 2016
WD
Feb 16, 2016 | 09:28 EDT
Morgan Stanley analyst Cheryl Pate upgraded Walker & Dunlop to Overweight and maintained its $31 price target. The analyst said shares have traded down 30% year to date on industry real estate concerns and said Walker's core business is supported by a strong refi pipeline, GSE participation, diversification, and buybacks.
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