Radian Group up after KBW raises to 'outperform', lifts PT

MGIC Investment

03/06/2024 18:59

** Real estate and mortgage financing company Radian Group's
shares  RDN.N  rise 1.2% to $31.61
    ** Brokerage KBW upgrades rating to "outperform" from
"market perform"
    ** Lifts PT to $36 from $35, a 15% upside to the stock's
last close
    ** Says sector fundamentals remain solid as credit continues
to be a tailwind given strong home price appreciation and
resilient job market amid increased interest rates
    ** Also upgrades peer MGIC Investment Corp  MTG.N  to
"outperform" from "market perform"
    ** Three brokerages rate the stock "buy" or higher, five
"hold" and one "sell"; their median PT is $32.00 - LSEG data
    ** RDN had risen 10.7% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))