Fly News Breaks for January 17, 2020
Jan 17, 2020 | 08:25 EDT
JPMorgan analyst Richard Shane upgraded Essent Group to Overweight from Neutral with an unchanged price target of $57.50. The analyst sees a "compelling" intermediate outlook for the company due to low rates and favorable demographics, and highlights the stock's valuation following the price weakness into year-end 2019. The combination of strong employment and wage growth remains the "formula for steady credit performance," Shane tells investors in a research note previewing the Q4 results in Consumer Finance.
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