Clear Street analyst Owen Lau keeps a Buy rating on FICO (FICO) with a $1,914 price target after the company announced the addition of both Cotality and Ascend Companies to the FICO Mortgage Direct License Program. The news “signals good progress” for the implementation of the program, the analyst tells investors in a research note. Clear Street believes more will join the program in the coming months. FICO has actively engaged with partners representing approximately 90% of U.S. mortgage volume, the firm adds.
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