Barclays analyst Mark DeVries lowered the firm’s price target on Fidelity National (FNF) to $48 from $53 and keeps an Overweight rating on the shares following the Q4 results. The company’s counter-cyclical investment in F&G Annuities (FG) proved prescient in Q4 as residential title results were lower than expected while F&G results build momentum with rising interest rates, the analyst tells investors in a research note.
Published first on TheFly
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