JP Morgan Maintains Overweight Rating for NMI Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has reaffirmed its Overweight rating on NMI Holdings (NASDAQ:NMIH) and increased its price target from $33.00 to $34.00. Despite a recent 4.07% decline in share price to $29.06, the new target suggests a potential 17.01% upside. NMI Holdings provides private mortgage guaranty insurance and related services.
February 15, 2024 | 5:00 pm
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JP Morgan maintains Overweight rating on NMI Holdings, raising price target from $33 to $34, despite a recent 4.07% drop in share price to $29.06.
The reaffirmation of the Overweight rating and the increase in price target by JP Morgan are strong positive signals for NMI Holdings. Despite the recent drop in share price, the new price target suggests significant upside potential. This analysis is based on JP Morgan's expertise and the company's solid position in the mortgage insurance sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100