Black Knight Financial Services (BKFS) Stock Coverage Initiated at JPMorgan

NEW YORK (TheStreet) -- Black Knight Financial Services (BKFS) stock coverage was initiated by analysts at JPMorgan with an "overweight" rating and a price target of $35. 

On Friday, shares closed up 2.17% to $30.66.

The Florida-based company provides integrated technology, and data and analytics solutions to the mortgage and finance industries.

"Timing is favorable for Black Knight Financial Services to monetize its position as the scale leader in providing mission critical tech services to the mortgage industry, which is in need of standardized compliant solutions on the back of the credit crisis," analysts said. 

This action comes after the company made its debut on May 20 on the floor of the New York Stock Exchange. The company set its initial public offering of 18 million shares at $24.50 per share.

BKFS Chart BKFS data by YCharts

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