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MGIC Investment price target raised to $28 from $27 at Keefe Bruyette

Keefe Bruyette analyst Bose George raised the firm’s price target on MGIC Investment (MTG) to $28 from $27 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.

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