Mr. Cooper price target raised to $158 from $143 at Piper Sandler

Piper Sandler raised the firm’s price target on Mr. Cooper (COOP) to $158 from $143 and keeps a Neutral rating on the shares. The firm notes that the macro environment continues to be a driving force in its coverage given rate volatility, elevated mortgage rates, and uncertainty around tariffs and economic growth. In addition, M&A and GSE reform are two key topics that will likely be discussed on upcoming earnings calls in the mortgage space.