Radian Group upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette analyst Bose George upgraded Radian Group (RDN) to Outperform from Market Perform with a price target of $42, up from $41. The firm cites valuation for the upgrade with the shares down 8% year-to-date. The shares are now trading only modestly above Radian’s Q1 tangible book value, the analyst tells investors in a research note. Keefe says Radian now has the lowest price/forward book multiple in the sector, creating an attractive entry point.