Market Overview

UPDATE: Goldman Sachs Initiates Coverage on Radian on Opportunities in Mortgage Finance Value Chain

Share:
Related RDN
Deutsche Sees Radian As A 'Top Pick,' Waiting On The Sidelines In MGIC
Radian Announces PMIERs Compliance, Notes 'Positive Future Outlook'

In a report published Thursday, Goldman Sachs analyst Eric Beardsley initiated coverage on Radian Group (NYSE: RDN) with a Buy rating and $17.00 price target.

In the report, Goldman Sachs noted, “We initiate coverage on the Specialty Finance sector with Buy ratings on MTG (CL-Buy) and RDN (23% and 18% upside to our targets respectively) as we believe their pace of credit improvement is underestimated by the market. The sector also has one of the strongest secular growth outlooks in financials as FHA reform drives increased demand for private mortgage insurance. New entrant ESNT (Neutral) is a pure-play growth story, though lacks the credit upside of MTG and RDN and looks fairly valued in our view.”

Radian Group closed on Wednesday at $14.45.

Latest Ratings for RDN

DateFirmActionFromTo
Jun 2016FBR CapitalUpgradesMarket PerformOutperform
May 2016Credit SuisseMaintainsNeutral
Apr 2016Deutsche BankInitiates Coverage onBuy

View More Analyst Ratings for RDN
View the Latest Analyst Ratings

Posted-In: Eric Beardsley Goldman SachsAnalyst Color Initiation Analyst Ratings

 

Related Articles (RDN)

View Comments and Join the Discussion!