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.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GHLD: