UPDATE: Oppenheimer Initiates Coverage on Nationstar Mortgage on Multiple Positive Factors
September 10, 2013 at 09:09 AM EDT
In a report published Tuesday, Oppenheimer analyst Ben Chittenden initiated coverage on Nationstar Mortgage Holdings (NYSE: NSM ) with an Outperform rating and $62.00 price target. In the report, Oppenheimer noted, “NSM has been meticulously built from scratch to take advantage of the secular shift underway in the mortgage servicing/originations