Keefe, Bruyette & Woods Resumes Coverage on Fidelity National (FNF) at Market Perform

Keefe, Bruyette & Woods resumes coverage on Fidelity National (NYSE: FNF) with a Market Perform. PT $20.00.

KBW analyst says, "FNF is the largest title insurer in the country with a market share of 35%. 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 FNF, 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 Fidelity National click here. For more ratings news on Fidelity National click here.

Shares of Fidelity National closed at $17.58 yesterday.

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