RBC Capital Downgrades MGIC Investment to Sector Perform
Portfolio Pulse from richadhand@benzinga.com
RBC Capital's analyst Mark Dwelle has downgraded MGIC Investment (NYSE:MTG) from Outperform to Sector Perform.
July 06, 2023 | 10:04 am
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MGIC Investment's rating has been downgraded by RBC Capital from Outperform to Sector Perform, which may negatively impact the stock's performance.
Analyst ratings often influence investor sentiment and can impact a stock's price. A downgrade from Outperform to Sector Perform suggests that the analyst believes the stock will now perform in line with the average return of the sector, rather than outperforming it. This could lead to a decrease in demand for the stock, potentially causing its price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100