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Compass Point drops coverage of Walter Investment, Altisource Portfolio

Compass Point is dropping its research coverage of Walter Investment Management Corp. and Altisource Portfolio Solutions SA due to a reallocation of resources.

Fred Small, the analyst who previously covered the companies, wrote in a research note that Compass Point's rating, price target, and EPS estimates should no longer be relied on.

Small did not respond to a request for comment about the change in coverage.