Latest news with #mergerActivity

Yahoo

Onity Group price target raised to $55 from $50 at B. Riley

B. Riley raised the firm's price target on Onity Group (ONIT) to $55 from $50 and keeps a Buy rating on the shares after meeting with management. The firm 'came away with several positive takeaways.' Onity will move to a 'more normal valuation' around its stated book value of $58 per share given the good diversification of the business, continued product and service innovations, and supportive public company transaction activity this year, the analyst tells investors in a research note. Riley believes merger activity in the mortgage sector are key support for the shares. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on ONIT: Disclaimer & DisclosureReport an Issue PHH Mortgage expands partnership with Blend Labs Onity Group management to meet virtually with B. Riley Onity Group Holds Annual Shareholder Meeting Onity Group files to sell 2.11M shares of Series B Perpetual Preferred stock Onity Group price target raised to $50 from $45 at Keefe Bruyette