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Fly News Breaks for January 8, 2018
RDN
Jan 8, 2018 | 05:22 EDT
Deutsche Bank analyst Phil Stefano upgraded Radian Group to Buy and raised his price target for the shares to $28 from $24. The analyst upgraded the four pure-play mortgage insurers to Buy saying two macro factors, tax reform and the new Private Mortgage Insurer Eligibility Requirements, have "materially increased" the outlook to the mortgage insurers' forward earnings profile. Stefano sees a "strong" outlook for earnings growth in the sector.
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