Keefe, Bruyette & Woods Downgrades PMI Group (PMI) to Market Perform; Capital Issues Threaten Company's Future

August 5, 2011 8:28 AM EDT
Get Alerts PMI Hot Sheet
Price: $3.53 +0.57%

Rating Summary:
    1 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Keefe, Bruyette & Woods downgraded PMI Group (NYSE: PMI) from Outperform to Market Perform, price target chopped from $3.00 to $0.50.

KBW analyst says, "We are downgrading the shares of PMI to Market Perform this morning following the company's 2Q11 earnings release. We are also lowering our full-year 2011 operating EPS to ($4.79) from ($1.94) and our 2012 operating EPS to ($1.10) from $0.19."

For more ratings news on PMI Group click here and for the rating history of PMI Group click here.

Shares of PMI Group closed at $0.41 yesterday.


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