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Fly News Breaks for April 1, 2019
FNF
Apr 1, 2019 | 06:16 EDT
Piper Jaffray analyst Jason Deleeuw raised his price target for Fidelity National Financial to $49 from $44 and keeps an Overweight rating on the shares. The analyst believes a lower interest rate regime has emerged that will be favorable for home purchase activity. Fidelity National shares have defensive characteristics and another 50 basis point interest rate step down "would likely drive a meaningful refinance wave," Deleeuw tells investors in a research note. He raised his estimates for the company.
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