Essent Group price target raised to $59 from $58 at Barclays

Barclays analyst Terry Ma raised the firm’s price target on Essent Group (ESNT) to $59 from $58 and keeps an Equal Weight rating on the shares as part of a Q2 preview for the mortgage finance sector. The origination environment remains challenging, and investors should own balanced business models with meaningful servicing segments, the analyst tells investors in a research note.