BTIG raised the firm’s price target on Essent Group to $61 from $55 and keeps a Buy rating on the shares. Coming out of Q1 earnings season, the firm continues to view the mortgage insurance sector favorably as the sector offers top-line stability and credit trends “should remain somewhat sanguine” as along as unemployment remains range bound, the analyst tells investors.
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Read More on ESNT:
- Essent Group reports Q1 EPS $1.70, consensus $1.59
- ESNT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Essent Group price target raised to $64 from $58 at RBC Capital
- Essent Group price target raised to $64 from $62 at Keefe Bruyette
- Essent Group downgraded to Neutral from Overweight at JPMorgan