Radian Announces Further Actions to Strengthen Capital Structure
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Compass Point Reiterates Buy on Radian Group (RDN) Following Announced Plan for a $389M Senior Note Repurchase Plan
June 19, 2015 9:22 AM EDTCompass Point reiterates a Buy rating and $23.00 price target on Radian Group (NYSE: RDN) following an announced plan to repurchase $389M of outstanding convertible senior notes. Analyst Jason Stewart says RDN's interest expense will increase on a cash basis but decrease on a GAAP basis.
Stewart commented, "We reiterate our Buy rating and $23 price target for shares of RDN. Yesterday... More
