JMP Securities raised the firm’s price target on Guild Mortgage to $16.50 from $14 and keeps an Outperform rating on the shares. The analyst continues to believe Guild’s “differentiated” purchase-market driven origination strategy coupled with its “acquisition-savvy approach” to adding complementary smaller mortgage lenders should pay dividends over time and result in increased market share and a return to sustainable earnings growth. Guild remains in a strong position to weather the current mortgage environment and eventually emerge as a winner within the residential mortgage origination industry, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GHLD:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue