Stewart price target raised to $72 from $70 at BTIG

BTIG raised the firm’s price target on Stewart (STC) to $72 from $70 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 for Title Insurance names. The group is up over 25% over the past three months, which is generally below other names in the housing ecosystem that are up 30% to 100% but still healthy, the analyst tells investors in a research note. Amid this relative under-performance, there’s some optimism within the firm’s conversations around the Title sector as volumes potentially mark a bottom in Q1, even though this will be muddied by the recent cyberattacks at First American Financial (FAF) that could lead to some short-term share shifts, BTIG added.