Mr Cooper Group Inc (COOP)

[StillHoping]

"Mr. Cooper initiated with an Outperform at Wolfe Research"

Wolfe Research analyst Matt Howlett initiated coverage of Mr. Cooper with an Outperform rating and $36 price target. Howlett is launching coverage of the Mortgage Finance sector with a Market Overweight rating based on his expectation for increased consumer demand for housing amid low interest rates and Fed stimulus. He is starting the Commercial Mortgage Finance sector with a Market Underweight rating based on concerns around underlying property values, which could increase defaults.