UPDATE: Sterne Agee Initiates Coverage on New Residential Investment on Attractive Estimated Total Return
October 18, 2013 at 12:13 PM EDT
In a report published Friday, Sterne Agee analyst Henry J. Coffey Jr. initiated coverage on New Residential Investment Corp. (NYSE: NRZ ) with a Buy rating and $7.50 price target. In the report, Sterne Agee noted, “We are initiating coverage on NRZ with a BUY rating and a $7.50 target.
