MGIC Investment price target raised to $26 from $25 at Barclays

Barclays raised the firm’s price target on MGIC Investment (MTG) to $26 from $25 and keeps an Equal Weight rating on the shares post the Q4 report. The company continues to expect its delinquency rate to increase due to COVID vintages seasoning but notes that ultimate claim rates remain healthy compared to historical levels, the analyst tells investors in a research note.