J.P. Morgan Maintains Genworth Financial Rating

J.P. Morgan reports that the third quarter results for Genworth Financial, Inc. GNW “affirm our cautious stance on GNW.” J.P. Morgan said that although the valuation appears enticing, its fundamental outlook is cautious. “We are uncertain about the timing of a turnaround in US MI results, which is crucial for an improvement in Genworth's overall returns,” J.P. Morgan writes. “As a result, we recommend investors avoid the stock even if it pulls back.” J.P. Morgan maintains its Neutral rating. Genworth Financial currently trades at $12.58.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsFinancialsGenworth FinancialJ.P. MorganMulti-line Insurance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!