Keefe, Bruyette & Woods Maintains Market Perform on Ocwen Financial, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Bose George maintains a Market Perform rating on Ocwen Financial (OCN) and lowers the price target from $30 to $28.

April 09, 2024 | 2:40 pm
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NEGATIVE IMPACT
Ocwen Financial's price target was lowered from $30 to $28 by Keefe, Bruyette & Woods, but the Market Perform rating was maintained.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in Ocwen Financial's stock price. However, maintaining the Market Perform rating indicates that the firm does not foresee a significant downturn, moderating the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100