KBW Updates on Title Insurers 7/7

KBW provided a number of updates on title insurers in a research report published today. First American Financial FAF had its rating maintained at Market Perform. At the same time, its price target was reiterated at $17. On Wednesday, FAF added 0.7% to its value to end the day at $15.90. Fidelity National Financial FNF had its rating downgraded to Market Perform from Outperform. At the same time, its price target was left unchanged at $17. On Wednesday, FNF added 1.9% to its value to finish the day at $16.11. Investor Title ITIC had its rating reiterated at Market Perform. Its price target was reduced to $36 from $38, however. On Wednesday, ITIC lost 1.48% of its value to end the day at $38.68. Stewart Information Services STC had its rating maintained at Market Perform. At the same time, its price target was reiterated at $12. On Wednesday, STC lost 0.3% of its value to end the week at $10.09.