Market Overview

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

Related RDN
Cigna Stock Rallies Up to 52-Week High
Markets Close Higher Ahead Of Busy Earnings Season

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.

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

 

Most Popular

Related Articles (RDN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional