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Fly News Breaks for November 1, 2018
WD
Nov 1, 2018 | 07:51 EDT
As previously reported, Wedbush analyst Henry Coffey upgraded Walker & Dunlop to Outperform from Neutral based on the significant selloff in the shares. The analyst notes that adjusted EBITDA excludes all the noise tied to non-cash items such as MSR capitalization, and while he is a fan of simple metrics such as EPS, he believes adjusted EBITDA better captures the value of the Commercial Real Estate services group. Coffey lowered his price target on the shares to $55 from $58.
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