July 10, 2017 / 3:03 PM / in 5 months

BUZZ-Home Capital Group Inc: LB Securities cuts PT

** Canadian lender’s shares down 5 pct at C$14.38

** LB Securities cuts PT to C$17 from C$22

** Brokerage says draft guidelines from the Office of the Superintendent of Financial Institutions (OSFI) impose further restrictions on uninsured lending

** OSFI rules throw “monkey wrench” in HCG’s plans after receiving investment from Berkshire Hathaway - LB Securities

** Two of 11 brokerages rate HCG stock “buy”, 8 “hold” and 1 “sell”; their median PT is C$17.88

** Up to Friday’s close, stock had fallen about 52 pct YTD

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