Shares of online mortgage provider Mortgage.com (Nasdaq: MDCM) soared more than 11.5 percent on Wednesday, gaining 1-13/16 to 17-1/2. Mortgage.com benefited from a strong buy rating and a $28 price target from U.S. Bancorp Piper Jaffray, which was a co-manager for the company’s recent initial public offering. One day earlier, Mortgage.com received a buy rating from Credit Suisse First Boston, which was the lead underwriter of the company’s IPO.
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Mortgage.com Climbs After Coverage
Posted by: Andy Wang September 9, 1999 12:00 AMShares of online mortgage provider Mortgage.com (Nasdaq: MDCM) soared more than 11.5 percent on Wednesday, gaining 1-13/16 to 17-1/2. Mortgage.com benefited from a strong buy rating and a $28 price target from U.S. Bancorp Piper Jaffray, which was a co-manager for the company’s recent initial public offering. One day earlier, Mortgage.com received a buy rating from Credit Suisse First Boston, which was the lead underwriter of the company’s IPO.