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Fly News Breaks for May 2, 2019
May 2, 2019 | 06:58 EDT
MKM Partners analyst Harry Fong raised his price target on Radian Group to $30 and kept his Buy rating after its Q1 earnings beat. The analyst says the current environment for mortgage insurers is "very strong", with low delinquencies yielding favorable loan loss reserve trends. Fong expects this favorable environment to persist for some time, also raising his FY19 EPS outlook on Radian Group by 10c to $2.85.
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