JPMorgan analyst Richard Shane lowered the firm’s price target on NMI Holdings (NMIH) to $43 from $44 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the consumer finance group. The firm sees a divergence between high-income and low-income consumer health. JPMorgan says emerging risks for low-income consumes make it more selective on the group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMIH: