Deutsche Bank Starts Black Knight Financial Services (BKFS) at Hold

Deutsche Bank initiated coverage on Black Knight Financial Services (NYSE: BKFS) with a Hold rating and a price target of $32.00.

Analyst Ashish Sabadra said, "We are initiating coverage on BKFS, a leader in mortgage processing and data & analytics (D&A), with a Hold rating and $32 target price. BKFS has a solid recurring and transaction-based revenue model. The company has guided to 6- 8% revenue growth with upside potential from winning BAC and Citi mortgage processing deals (~$44m and ~$20m annual revenue opportunities). BKFS has identified a ~$2.8bn addressable market for existing solutions from new mortgage servicing wins, cross-selling specialty services and origination technology, as well as D&A solutions in the existing customer base and potential for further upside from new products and solutions."

For an analyst ratings summary and ratings history on Black Knight Financial Services click here. For more ratings news on Black Knight Financial Services click here.

Shares of Black Knight Financial Services closed at $30.66 yesterday.

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