Radian Group downgraded to Neutral from Buy at BTIG

BTIG analyst Eric Hagen downgraded Radian Group to Neutral from Buy as part of a broader research note on Mortgage Finance heading into 2023. The company’s franchise value and platform scale remain very strong, and the stock’s valuation is not necessarily expensive, but he prefers names offering higher return potential without sacrificing much in the way of valuation, the analyst tells investors in a research note.