Oppenheimer Maintains Perform on Lender Processing Services (LPS)

Oppenheimer is out with its report on Lender Processing Services LPS, maintaining Perform. In a note to clients, Oppenheimer writes, "Beyond regulatory uncertainties, foreclosure starts and origination headwinds could pressure revenue prospects near term. Valuation remains low at 8.2x 2012E EPS. Our estimates remain well below the Street; retain Perform rating." Shares of LPS closed Wednesday at $30.19, down 3.21% from Tuesday's close.