Keefe, Bruyette & Woods Reiterates Outperform Rating On Ocwen Fincancial (OCN)

Analysts at Keefe, Bruyette & Woods reiterated their Outperform rating on shares of Ocwen Financial Corp OCN today. The firm has a $14.00 price target on the stock. On Friday, Barclays BCS announced the sale of its US mortgage servicing business to Ocwen (OCN) for $1.3 billion in cash. The transaction will include the transfer of the mortgage servicing rights, servicing advances, as well as the servicing platform. During today's trading session, OCN shares have fallen 2.14% to $11.90. Ocwen Financial Corporation (OCN) is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services.