BUZZ-Better Home & Finance rises after Northland Capital upgrades rating to 'outperform'
Better Home & Finance BETR | 0.00 |
** 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
