First American price target lowered to $70 from $72 at Barclays

Barclays analyst Terry Ma lowered the firm’s price target on First American (FAF) to $70 from $72 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.