UPDATE: BofA Securities Upgrades Radian Group (RDN) to Neutral

August 18, 2022 5:57 AM EDT
Get Alerts RDN Hot Sheet
Price: $20.83 -1.33%

Rating Summary:
    11 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 17 | New: 8
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(Updated - August 18, 2022 8:40 AM EDT)

BofA Securities analyst Mihir Bhatia upgraded Radian Group (NYSE: RDN) from Underperform to Neutral with a price target of $24.00 (from $22.50).

The analyst commented, "RDN’s capital return in 2Q was impressive and while we still view meaningful execution risk for the homegenius segment, at current prices RDN shares offer 3% upside potential/ 8% total return, warranting a Neutral rating. Our $24 PO ($22.50 prior) is based on an unchanged 7.5x PE multiple."

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 $23.32 yesterday.

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