MGIC Investment (MTG) Reports In-Line Q4 EPS

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MGIC Investment (MTG) Removed From Conviction Buy List at Goldman Sachs

January 22, 2016 8:32 AM EST

Goldman Sachs downgraded MGIC Investment (NYSE: MTG) from Conviction Buy to Buy with a price target of $10.00 (from $11.00). Analyst Eric Beardsley pointed out a less bullish credit and revenue outlook.

"Following 4Q earnings, which included (1) pricing changes that could lead to slower revenue growth (exhibit... More