Nationstar Mortgage's (NSM) stock is looking more appealing, with Jefferies analyst Daniel Furtado upgrading the stock to 'buy'. Street Insider explains some of the reasons behind the change:
Upcoming catalysts include: 1) bulk servicing transfers, 2) the impact from higher rates, and, in our opinion, 3) the likely spin-off of SolutionStar, NSM's mortgage services segment, according to analyst Daniel Furtado.
The firm raised FY 2013 EPS from $4.18 to $4.68 and FY 2014 EPS from $6.67 to $6.90.
