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.
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 LDI: