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What’s Going On With Walker & Dunlop Shares Today?

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Walker & Dunlop, Inc. (NYSE:WD) shares are trading lower after Wedbush analyst Jay McCanless downgraded the stock to Neutral from Outperform and cut the price target to $95 (from $130).

The analyst’s re-rating reflects the expectation that a higher for longer rate environment will again put pressure on transaction volumes this year.

The analyst says that the rate of volatility is showing no signs of easing and fears that the consistent rate of volatility seen thus far through …

Full story available on Benzinga.com

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