BTIG downgraded Guild Holdings (GHLD) to Neutral from Buy. The current price reflects the merger valuation with Bayview at $20 per share with the deal expected to close by year-end, says the analyst. The firm thinks the transaction is motivated by Bayview’s objective to build scale and strengthen its recapture capabilities, which it considers “a relevant theme right now supporting value for non-bank mortgage originator/servicers.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GHLD: