Enact Holdings price target raised to $50 from $45 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Enact Holdings (ACT) to $50 from $45 and keeps a Neutral rating on the shares. Enact reported solid Q4 results as EPS came in well ahead of expectations driven by a lower provision while expenses came in slightly below expectations and offset a touch of softness on revenues, the analyst tells investors in a research note. Fundamentals remain solid going forward, the firm adds.