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Fly News Breaks for March 7, 2018
OCN, BKI, PHH
Mar 7, 2018 | 07:03 EDT
After Ocwen (OCN) recently announced a deal to acquire PHH Corporation (PHH), Stephens analyst John Campbell said he believes the deal could have a "positive ripple effect" on Black Knight (BKI), which has an MSP deal with Ocwen Loan Servicing, in the second half of this year if not perhaps sooner. He thinks a faster go-live with Ocwen could help drive quarterly beats and guidance raises for Black Knight, Campbell tells investors. He keeps an Overweight rating and $55 price target on Black Knight shares.
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