First American resumed with an Equal Weight at Stephens

Stephens analyst Oscar Nieves resumed coverage of First American (FAF) with an Equal Weight rating and $70 price target First American has a high-quality, well-capitalized title franchise with strong cash generation and visible margin recovery potential, but the “two primary catalysts” of a sustained housing market recovery and the successful execution of the company’s Endpoint and Sequoia technology initiatives remain uncertain, the analyst tells investors.