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Fly News Breaks for April 29, 2019
News For FAF From the Last 2 Days
FAF
Apr 26, 2024 | 06:49 EDT
Stephens lowered the firm's price target on First American to $66 from $72 and keeps an Overweight rating on the shares. The company was able to effectively get the core Title business back on track in the quarter following its disruptive cybersecurity event, but a shortfall in high margin investment income resulted in another quarterly miss for Q1, says the analyst, who adds that the investment income from here takes a step down in a base case and there are some questions moving forward.
