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Fly News Breaks for December 12, 2016
RDN, MGIC
Dec 12, 2016 | 06:00 EDT
Deutsche Bank analyst Phil Stefano upgraded Magic Software (MGIC) to Buy saying the company's "strong" outlook for operating results and "clearer path" towards an investment grade rating bring material upside potential. The analyst raised his price target for Magic shares to $12 from $9. Stefano also raised his price target for Buy-rated Radian Group (RDN) to $20 from $17.
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