Truist analyst Mark Hughes raised the firm’s price target on NMI Holdings to $47 from $37 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is increasing its 2024 EPS forecast to $4.44 from $4.20 and also raising its 2025 EPS projection to $4.55 from $4.35, boosted by marginally higher premium yield and greater investment income, the analyst tells investors in a research note.
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