Compass Point Comments On MGIC Investment, Lowers PT

Compass Point Research & Trading provided color on MGIC Investment MTG and lowered its MGIC Investment price target to $9 in a research report published today. Compass Point has previously given MGIC Investment a Buy rating. In the report, Compass Point states, "We still believe there is long-term upside to our price target, but now believe negative economic headlines will limit the short-term upside. The caveat to this belief is if the Obama administration announces a meaningful modification program." Shares of MGIC Investment were trading at $2.65 at the time of posting, down 16.67% from Friday's market close.