More analysts are saying SELL Beeks!
Over at Merrill, NEW reiterated a SELL, saying they see little value in equity.
UBS downgrades NEW from Neutral to Reduce with a $2.50 target
JPM reiterates market Underperform saying near term prospects look grim. JMP lowers its target to $2 saying a potential buyer may place some value on NEW's servicing and correspondent ops.
KBW says bankruptcy is likely unless a buyer is found.