BUZZ-Better Home & Finance rises after Northland Capital upgrades rating to 'outperform'

Better Home & Finance

Better Home & Finance

BETR

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** Shares of mortgage lender Better Home & Finance BETR.O rise 4.7% to $25.3 after Northland Capital markets upgrades co to "outperform"

** Brokerage says BETR is well positioned to capture market share despite somewhat softer macro conditions in the mortgage space due to elevated interest rates and higher oil prices

** Adds one key reason for its positive view is that co may be nearing a point where its enterprise partnerships drive stronger transaction volume growth with little additional fixed costs

** Six of seven analysts rate stock "strong buy" or "buy" and one "hold"; their median PT is $39 - data compiled by LSEG

** As of last close, stock down 29.5% YTD