UPDATE: MKM Partners Starts Radian Group (RDN) at Buy
Get Alerts RDN Hot Sheet
Rating Summary:
10 Buy, 6 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Join SI Premium – FREE
MKM Partners initiated coverage on Radian Group (NYSE: RDN) with a Buy rating and a price target of $22. Analyst Darren Marcus thinks improvements to its insured portfolio will lead to better returns.
"Our price target is based on a multiple of 1.5x our 2016 book value per share estimate of $14.63 per share. In our view, Radian’s earnings and returns will improve over the next several years as its legacy portfolio becomes a smaller portion of its overall portfolio of risk. In addition, we believe Radian will continue to hold a 20%+ market share at a time when the PMI business remains very attractive," said Marcus.
For an analyst ratings summary and ratings history on Radian Group click here. For more ratings news on Radian Group click here.
Shares of Radian Group closed at $16.23 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Loop Capital Starts Samsara Inc (IOT) at Buy, 'Play on AI, ML, & IoT Tech Themes in Asset Intensive Industries'
- J.B. Hunt Transport Services (JBHT) PT Lowered to $200 at BMO Capital
- Travelers (TRV) PT Lowered to $214 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!