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Enter Symbol:
Rating: PHH
Outperform $22

Phh Corp (NYSE: PHH) reiterated to Outperform with price target $22 by Oppenheimer

Tuesday,  Aug 11, 2015  8:25 AM ET by Lynn Gilbert

Oppenheimer reiterated Phh Corp (NYSE: PHH) to Outperform with price target $22.
Previously, Oppenheimer rated Phh Corp (NYSE: PHH) to Outperform with price target $30 on 07/15/2014, when the stock price was valued at $24.22.

PHH Corporation (PHH) is an outsource provider of mortgage and fleet management services. The Company operates in three segments: Mortgage Production, Mortgage Servicing and Fleet Management Services. PHH's Mortgage Production segment originates, purchases and sells mortgage loans through its wholly owned subsidiary, PHH Mortgage Corporation and its subsidiaries (collectively, PHH Mortgage), which is inclusive of PHH Home Loans and STARS. The Company's Mortgage Servicing segment services mortgage loans that either PHH Mortgage or PHH Home Loans originated, or for which PHH Mortgage purchased the mortgage servicing rights. PHH's Fleet Management Services segment provides commercial fleet management services to corporate clients and government agencies throughout the United States and Canada through its wholly owned subsidiary, PHH Vehicle Management Services Group LLC, doing business as PHH Arval.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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