Piper Sandler downgraded Mr. Cooper (COOP) to Neutral from Overweight with a price target of $143, up from $125. The firm cites the transaction terms from the Rocket (RKT) acquisition announcement that was announced earlier this week for the downgrade.
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Read More on COOP:
- Keefe sees negligible impact on Rocket from UWM comments
- UWM CEO says ending subservicing relationship with Mr. Cooper, HousingWire says
- Rocket Companies upgraded to Buy from Hold at Deutsche Bank
- Rocket Companies upgraded to Market Perform from Underperform at Keefe Bruyette
- Mr Cooper Group Merges with Rocket Companies
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