UPDATE: Morgan Stanley Initiates Coverage on Nationstar Mortgage on Growth Story, Multiple Positive Factors

In a report published Wednesday, Morgan Stanley analyst Cheryl M. Pate initiated coverage on Nationstar Mortgage Holdings (NYSE: NSM ) with an Overweight rating and $70.00 price target. In the report, Morgan Stanley noted, “Though NSM has outperformed servicing peers, we see additional upside to the stock from here as