First American price target raised to $81 from $79 at Keefe Bruyette

Keefe Bruyette analyst Bose George raised the firm’s price target on First American (FAF) to $81 from $79 and keeps an Outperform rating on the shares. The firm remains reasonably constructive on the mortgage insurers given the expectation that the companies will generate double-digit book value growth, the analyst tells investors in a research note.