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NMI Holdings downgraded to Market Perform from Outperform at Keefe Bruyette

NMI Holdings downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Bose George downgraded NMI Holdings (NMIH) to Market Perform from Outperform with a price target of $43, up from $42. The firm says that while operating trends for the mortgage insurers have remained strong year-to-date, it sees a lack of near-term positive catalysts. Credit risk could increase modestly in the back half of 2025 as the pace of home price appreciation is likely to slow, the analyst tells investors in a research note. As such, Keefe sees mortgage insurer valuations as range-bound. It downgraded three names in the sector.
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