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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCompass Point Research & TradingFinancialsThrifts & Mortgage Finance
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