Keefe, Bruyette & Woods Resumes Coverage on First American Financial (FAF) at Market Perform

Keefe, Bruyette & Woods resumes coverage on First American Financial (NYSE: FAF) with a Market Perform. PT $17.00.

KBW analyst says, "FAF is the second largest U.S. title insurer with a market share of 27%. While we are positive on the longer-term outlook, we expect industry mortgage volumes to trend down over the next 12-18 months. Over the long-term, we believe strong title insurers, such as FAF, should provide an attractive way to get exposure to a recovery in the purchase mortgage market."

For an analyst ratings summary and ratings history on First American Financial click here. For more ratings news on First American Financial click here.

Shares of First American Financial closed at $15.85 yesterday.

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