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A Contrarian Call: Compass Point Upgrades Banking Regulator Magnet Ocwen Financial
Friday, April 21, 2017 - 12:00pm | 302Fred Small of Compass Point Research believes Ocwen Financial Corp (NYSE: OCN)'s 54-percent plunge on Thursday created a buying opportunity. The analyst upgraded shares of Ocwen from Neutral to Buy but with a price target lowered from $5 to $3.50 for three main reasons. 1. 'Mispriced' Regulatory...