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Fly News Breaks for May 9, 2017
ESNT
May 9, 2017 | 06:45 EDT
BofA/Merrill analyst Mihir Bhatia upgraded Essent Group two notches to Buy from Underperform and raised its price target to $43 from $38 citng increased confidence in the organic growth outlook and a favorable housing backdrop. Bhatia said Essent reported a solid Q1 report and views valuation as attractive given a credit environment remains favorable and expectations that have been reset lower.
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