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

Analysts at Keefe, Bruyette & Woods reiterated their Outperform rating on shares of Ocwen Financial Corporation OCN today in a research update. The firm has a price target of $13.00 on the stock. During today's trading session, OCN has climbed 3.11% to $9.61. The analysts wrote, "We met with Ocwen CEO Bill Erbey, and CFO John Van Vlack on Friday, September 17. Our meetings confirmed our view that the company's current portfolio has significant earnings power. We expect operating margins and earnings to increase meaningfully once the Barclay's portfolio is fully integrated. The shares are trading at 1.0x book value. We maintain our Outperform rating."