Fidelity National assumed with a Buy at BTIG

BTIG analyst Soham Bhonsle assumed coverage of Fidelity National Financial with a Buy rating and $47 price target. The analyst thinks the narrative around F&G, which Fidelity National has an 85% stake in, could be changing. A recent transaction in the annuity industry should, at a minimum, reignite conversations for a solution around F&G, the analyst tells investors in a research note. The firm likes the risk/reward in Fidelity National shares today, saying investors are getting a market-leading title business below its historical valuation.