MGIC Investment (MTG) PT Bumped to $10 at Credit Suisse

Credit Suisse analyst Douglas Harter bumped his price target on MGIC Investment (NYSE: MTG) to $10.00 (from $8.00) while maintaining a Neutral rating.

Harter commented, "MTG has traded above the $9.03 early conversion price for its 2020 convertibles for the past 7 days; should the price remain above that level for 13 of the next 23 days, there will be a mandatory conversion of the convertible note. This would not impact EPS as the shares are already included in the diluted share count."

For an analyst ratings summary and ratings history on MGIC Investment click here. For more ratings news on MGIC Investment click here.

Shares of MGIC Investment closed at $9.22 yesterday.

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