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RDN

Radian Group

$15.36

-0.91 (-5.59%)

05:30
04/19/18
04/19
05:30
04/19/18
05:30

Radian Group price target lowered to $17 from $23 at Wells Fargo

Wells Fargo analyst Sean Dargan lowered his price target for Radian Group (RDN) to $17 from $23 and keeps a Market Perform rating on the shares. The analyst this morning also downgraded Essent Group (ESNT) and MGIC Investment (MTG) to Market Perform and lowered his rating on the Mortgage Insurers space to Market Weight from Overweight. Despite tailwinds from mortgage credit, companies in the sector seem "poised to compete away any benefit from tax reform, at the expense of shareholders," Dargan tells investors in a research note. The analyst thought mid-teen returns would be the floor on new pricing, but is now less certain that is the case. Dargan now has less confidence in future estimates.

  • 26

    Apr

RDN Radian Group
$15.36

-0.91 (-5.59%)

04/10/18
RBCM
04/10/18
DOWNGRADE
Target $19
RBCM
Sector Perform
Radian Group downgraded to Sector Perform at RBC Capital on adverse pricing
As reported earlier, RBC Capital analyst Mark Dwelle downgraded Radian Group (RDN) to Sector Perform from Outperform and lowered his price target to $19 from $28. Dwelle cites the latest reduction in borrower-paid premium rates at MGIC Investment (MTG) and believes sentiment in the space will be negatively impacted. The analyst adds that while Radian has made "good progress" in expanding margins and building its credit profile, an "adverse pricing environment" could weigh on growth and pressure margins over the next several quarters.
04/10/18
04/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monsanto (MON) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson citing the rising likelihood of the acquisition by Bayer (BAYRY) after yesterday's reports of approval of the merger by the U.S. Department of Justice. 2. Hershey (HSY) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying Hershey's portfolio is over-exposed to slowing category consumption, intensifying competition, and rising cocoa prices. 3. Cullen/Frost (CFR) downgraded to Underperform from Market Perform at Raymond James. 4. vTv Therapeutics (VTVT) downgraded to Hold from Buy at Stifel, to Neutral from Buy at Seaport Global, Piper Jaffray, and Roth Capital, as well as to Market Perform from Outperform at Northland. 5. Radian Group (RDN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Dwelle citing the latest reduction in borrower-paid premium rates at MGIC Investment (MTG) and saying he believes sentiment in the space will be negatively impacted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
LEHM
04/11/18
NO CHANGE
Target $16
LEHM
Overweight
Barclays sees 'unique' buying opportunity after MGIC rate cut
The overreaction to MGIC Investment's (MTG) reduced borrower-paid premium rates presents a "unique buying opportunity," Barclays analyst Mark DeVries tells investors in a research note. The analyst fully expects that the rest of the industry will likely follow suit, but his updated models suggest "only a modest" earnings reduction on lower premium rate forecasts. He believes the stock's risk/rewards are "compelling once again." The analyst lowered his price target for Essent Group (ESNT) to $51 from $57, for MGIC to $16 from $18 and for Radian Group (RDN) to $28 from $31. He keeps Overweight ratings on all three names.
04/19/18
WELS
04/19/18
DOWNGRADE
Target $5
WELS
Market Perform
Essent Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Sean Dargan downgraded Essent Group (ESNT) to Market Perform and lowered his price target for the shares to $38 from $58. The analyst also downgraded MGIC Investment (MTG) to Market Perform and lowered his rating on the Mortgage Insurers space to Market Weight from Overweight. He keeps a Market Perform rating on Radian Group (RDN). Despite tailwinds from mortgage credit, companies in the sector seem "poised to compete away any benefit from tax reform, at the expense of shareholders," Dargan tells investors in a research note. The analyst thought mid-teen returns would be the floor on new pricing, but is now less certain that is the case. Dargan now has less confidence in future estimates.

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INGIY

Ingenico

$0.00

(0.00%)

20:59
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MSFT

Microsoft

$113.24

1.05 (0.94%)

20:52
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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

19:34
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19:34
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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

19:31
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19:31
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Jones Lang LaSalle CFO Christie Kelly resigns »

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  • 25

    Sep

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    Sep

RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
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Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

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Hot Stocks
Fly Intel: After Hours Movers »

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

03/08/13
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  • 21

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    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
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18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

03/08/13
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SQ

Square

$87.97

1.1 (1.27%)

18:55
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09/18
18:55
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Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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  • 18

    Sep

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
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09/18
18:48
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18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

The dividend is payable…

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  • 21

    Oct

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  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
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09/18
18:39
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18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

Kirkland Lake Gold…

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

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  • 21

    Oct

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  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
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18:23
Downgrade
OMA Airports rating change at Santander »

OMA Airports downgraded…

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
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Periodicals
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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
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Hot Stocks
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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
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09/18
17:35
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17:35
Recommendations
Jazz Pharmaceuticals analyst commentary at BMO Capital »

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  • 18

    Sep

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    Dec

RIG

Transocean

$11.93

0.335 (2.89%)

17:29
09/18/18
09/18
17:29
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17:29
Initiation
Transocean initiated at Morgan Stanley »

Transocean initiated with…

03/08/13
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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
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17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

Noble Corp. initiated…

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  • 24

    Sep

CCOEY

Capcom

17:24
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09/18
17:24
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17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
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17:24
Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

Diamond Offshore…

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
09/18/18
17:20
Upgrade
TSMC rating change at Morgan Stanley »

TSMC upgraded to…

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