Stewart price target raised to $59 from $57 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Stewart to $59 from $57 and keeps a Market Perform rating on the shares. The firm says its analysis “yields another depressed outlook” for the U.S. mortgage market in 2024 and leaves it with an increasingly positive view on the title insurers when compared to mortgage originators.