Truist raised the firm’s price target on Fidelity National (FNF) to $70 from $64 and keeps a Buy rating on the shares. The company’s Q3 results positions Fidelity National for growth in 2025, though the firm is also trimming its 2024 GAAP EPS view by 8c to $4.47 given the underperformance in the quarter, the analyst tells investors in a research note. Decelerating Title order trends in the near term could pressure results, but the firm anticipates improvement in metrics through 2024 helping the company generate positive results, Truist added.
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Read More on FNF:
- Fidelity National Financial Reports Q3 2024 Results
- Fidelity National raises quarterly dividend 4% to 50c from 48c per share
- Fidelity National reports Q3 adjusted EPS $1.30, consensus $1.39
- FNF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Fidelity National price target raised to $59 from $56 at Barclays