First American price target raised to $78 from $73 at Stephens

Stephens raised the firm’s price target on First American (FAF) to $78 from $73 and keeps an Overweight rating on the shares following what the firm calls a “highly impressive” Q4 report. Following “three consecutive upbeat quarters,” the firm believes that a continuation of better-than-expected investment income remains “a key highlight” along with the company’s much-improved cost containment efforts, the analyst tells investors.