Wedbush raised the firm’s price target on HomeStreet (HMST) to $15 from $12 and keeps an Outperform rating on the shares. HomeStreet’s planned sale of $800M of multifamily loans could be executed at better pricing than previously assumed, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HMST:
- HomeStreet could sell off on merger termination, says Keefe Bruyette
- HomeStreet, FirstSun Capital agree to terminate merger
- HomeStreet and FirstSun Mutual Merger Termination
- Dollar Tree downgraded, eBay upgraded: Wall Street’s top analyst calls
- Wedbush upgrades HomeStreet on potential for another suitor