Compass Point last night downgraded Radian Group (RDN) to Neutral from Buy with a price target of $37, up from $34. The firm expects slower insurance-in-force growth and by extension, slower earnings growth, for Radian. With higher mortgage rates, recently rising to 7.00%, mortgage finance industry growth will remain muted through fiscal 2025 and potentially into fiscal 2026, the analyst tells investors in a research note.
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