First American price target lowered to $72 from $73 at Stephens

Stephens lowered the firm’s price target on First American to $72 from $73 and keeps an Overweight rating on the shares. The company’s Q4 results were materially impacted by its cybersecurity incident, the analyst tells investors. Stephens anticipates this will be a one-time event and, with Q4 already shaped up as an “unimportant” quarter, the firm says, “on to the next one.” Looking ahead, Stephens believes the question is not if earnings will inflect higher, rather it is how much will they inflect higher.