JPMorgan analyst Richard Shane downgraded Essent Group (ESNT) to Neutral from Overweight with a price target of $65, down from $66, as part of a Q3 earnings preview for the consumer finance group. Essent trades at a relative premium to the sector and NMI Holdings (NMIH), which trades at a discount to peers, offers better opportunities, the analyst tells investors in a research note.
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Read More on ESNT:
- Essent Group price target raised to $71 from $67 at Keefe Bruyette
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