Barclays lowered the firm’s price target on MGIC Investment (MTG) to $28 from $30 and keeps an Equal Weight rating on the shares. The firm reduced estimates following the company’s Q4 report. MGIC”s earnings missed due to lower sales and a smaller than expected reserve release, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTG:
- MGIC Investment Earnings Call Highlights Strength And Discipline
- MGIC Investment reports Q4 adjusted EPS 75c, consensus 75c
- MTG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- MGIC Investment price target raised to $30 from $28 at Barclays
- MGIC Investment price target raised to $28 from $27 at Keefe Bruyette