Barclays lowered the firm’s price target on Essent Group (ESNT) to $69 from $72 and keeps an Overweight rating on the shares. Following the Q3 results, the firm lowered estimates modestly, which reflect a higher modeled default rate going forward. It continues to model reserve releases and thinks the strong cure trends should continue to support that.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESNT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue