Analyst Jim Shanahan upgraded Countrywide to “Market Perform” from “Underperform” and said the stock was worth $5 to $7 per share. Earlier this year, Bank of America agreed to pay about $4 billion in stock to acquire the nation’s largest mortgage lender. The low end of the range factors in a potential renegotiating of the sale price to reflect continued weakness in the mortgage market, Shanahan wrote in a research note. Shanahan now estimates Countrywide will lose 31 cents per share during the first quarter, compared with a previous estimate of 35 cents per share. The lower origination volume actually works to reduce the loss per share because Shanahan expects Countrywide to lose money on the sale of loans throughout the quarter. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. Read More