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Enact Holdings downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette downgraded Enact Holdings (ACT) to Market Perform from Outperform with an unchanged price target of $39. The firm cites valuation for the downgrade, saying the shares are now trading near its price target The analyst remains constructive on Enact’s longer-term prospects, but thinks the shares are fairly valued at the current juncture.

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