Genworth Financial (GNW) PT Raised to $12 at Jefferies Post Q1
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Rating Summary:
6 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Jefferies analyst Colin Devine reiterated a Buy rating and bumped his price target on Genworth Financial (NYSE: GNW) to $12.00 (from $10.00) following Q1 results. saying they liked what they saw.
Devine commented, "We liked what we saw in 1Q15 as management delivered surprisingly clean results, aided by seasonally better performance at U.S. M.I. Retain conviction material progress on strategic actions will emerge in 2015."
The firm raised FY 2015 EPS from $1.00 to $1.10 and FY 2016 EPS from $1.25 to $1.30.
For an analyst ratings summary and ratings history on Genworth Financial click here. For more ratings news on Genworth Financial click here.
Shares of Genworth Financial closed at $8.64 yesterday.
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