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PHH Beats Resistance

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June 03, 2009 |Comments: 0
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PHH

PHH Corp. (PHH) broke through a short-term level of resistance at $16.51 this noon after announcing the pricing of a notes offering. The asset-backed offering will help the company repay a part of its loans taken from Chesapeake Funding LLC. PHH is a Zacks#2 Rank (“Buy”) stock. The consensus estimate on the company’s full-year earnings has gone up to $1.28 per share from 19 cents in the last month.

Read the full analyst report on PHH

 
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