Guild Mortgage price target raised to $17 from $15 at Wells Fargo

Wells Fargo analyst Donald Fandetti raised the firm’s price target on Guild Mortgage to $17 from $15 and keeps an Equal Weight rating on the shares. Guild had a good quarter with volumes also benefiting from their recent acquisition of Academy, and profitability in the origination segment was boosted by notable opex efficiency, the analyst tells investors in a research note.