Barclays Initiates Coverage On Essent Group with Overweight Rating, Announces Price Target of $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Terence Malone has initiated coverage on Essent Group (NYSE:ESNT) with an Overweight rating and set a price target of $60.

November 15, 2023 | 5:28 pm
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Barclays analyst Terence Malone initiated coverage on Essent Group with an Overweight rating and a price target of $60.
The initiation of coverage by Barclays with an Overweight rating typically indicates a positive outlook on the stock, suggesting that the analyst believes it will perform better than the market or its sector. The announcement of a price target of $60, which is presumably higher than the current trading price, implies an expectation of upward movement in the stock's price. This can have a positive short-term impact on the stock as it may lead to increased investor interest and buying pressure.
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IMPORTANCE 80
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