Market Overview

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

Share:
Related RDN
The Week Ahead: Earnings Season Continues, Several IPOs, Notable Conferences On The Docket
5 Stocks To Watch For The Week Of October 30
MGIC Investment: Compelling Upside Remains After 40% YTD (Seeking Alpha)

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
Nov 2017Deutsche BankDowngradesBuyHold
Oct 2017Compass PointUpgradesNeutralBuy
Oct 2017Deutsche BankMaintainsBuy

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!

Partner Center