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Fly News Breaks for November 12, 2018
ESNT
Nov 12, 2018 | 06:54 EDT
Barclays analyst Mark DeVries raised his price target for Essent Group to $53 from $51 saying the company posted "strong" Q3 results that beat "across the board." The analyst continues to expect mortgage and mortgage insurer fundamentals to "support a long runway of robust, above-peer growth" for the company. He views the current valuation as "very attractive" and reiterates an Overweight rating and Top Pick designation on Essent Group.
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