BTIG analyst Eric Hagen initiated coverage of LoanDepot (LDI) with a Neutral rating and no price target The company has less room to source liquidity and cut expenses relative to Rocket Companies (RKT), which could restrict its competitiveness, the analyst tells investors in a research note. The firm believes LoanDepot may be “challenged to properly calibrate operations” amid the volatile interest rate environment.
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 LDI: