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Fly News Breaks for June 19, 2019
FAF
Jun 19, 2019 | 07:47 EDT
As reported previously, Susquehanna analyst Jack Micenko initiated First American with a Positive rating. The analyst said his thesis is driven by both macro and company specific dynamics that are not priced in by the market. He believes consensus estimates are too conservative on mortgage volumes over the next 18 months and believes the fee-per-file growth continues to trend higher while capital return accelerates. Micenko has a $73 price target on First American shares.
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