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.
Claim 30% 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 RDN: