Genworth Financial (GNW) Posts Q4 Loss of 17c/Share; Will Initiate U.S. Life Restructuring Plan
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Compass Point Cuts Price Target on Genworth Financial (GNW) Following Valuation Shift on MI Companies
February 8, 2016 6:45 AM ESTCompass Point maintained a Buy rating on Genworth Financial (NYSE: GNW), and cut the price target to $5.50 (from $7.50), following the recent shift to lower valuation on MI companies. GNW intends to separate its MI and life operations, which should be viewed positively by the market place. However, the lack of substance on how the company will proceed and the market's meek anticipation of success continues to keep pressure on GNW shares.
Analyst Ken Billingsley commented, "We lower our price target to $5.50 from $7.50, primarily on the... More
BTIG Slices PT on Genworth (GNW) to $5; Sees Challenges Priced into Stock
February 5, 2016 8:24 AM ESTBTIG affirms its Buy rating on Genworth Financial (NYSE: GNW) and halves its price target from $10 to $5 following Q4 results issued late Thursday.
Analyst Mark Palmer commented: The headlines arising from Genworth Financial's (GNW) 4Q15 report have inevitably focused on the company's decision to suspend all sales of... More
