FICO rebuttals to FHFA director ‘fairly comprehensive,’ says Jefferies

After FICO (FICO) management broke its silence following weeks of being attacked by the FHFA director by publishing a white paper exposing what it believes are flaws in the FHFA’s plans to move to Lender’s Choice, Jefferies called the series of rebuttals “fairly comprehensive” and said it sees “strong merit in FICO’s arguments.” The firm, which thinks the response will give investors “greater conviction” that FICO’s leading position and pricing power in mortgage will remain intact, reiterates a Buy rating and $2,150 price target on FICO shares.