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Fly News Breaks for July 20, 2016
MTG
Jul 20, 2016 | 08:28 EDT
As previously reported, Compass Point upgraded MGIC Investment to Buy from Neutral and raised its price target to $9 from $8.50. The analyst revised estimates higher to incorporate lower default-to-claim assumptions and a gradual decline in the reserve per late stage default, which translates to a lower incurred loss estimates.
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