RBC Capital Maintains Sector Perform Rating for NMI Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for NMI Holdings (NASDAQ:NMIH) and increased its price target from $31.00 to $33.00. Despite a recent 4.07% decline in share price to $29.06, the new target suggests a potential 13.57% upside. NMI Holdings provides private mortgage guaranty insurance and related services.
February 15, 2024 | 5:00 pm
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RBC Capital maintains Sector Perform rating for NMI Holdings, raising price target from $31 to $33. Despite a recent dip, this suggests a potential 13.57% upside.
The maintenance of a Sector Perform rating combined with an increased price target by RBC Capital indicates a positive outlook on NMI Holdings, despite its recent share price decline. This suggests confidence in the company's fundamentals and potential for recovery, likely influencing investor sentiment positively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100