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Enact Holdings upgraded to Buy from Neutral at BofA

Enact Holdings upgraded to Buy from Neutral at BofA

BofA upgraded Enact Holdings to Buy from Neutral with an unchanged price target of $30. The analyst views the company’s credit profile and capital return potential as attractive. The firm has a favorable view of the mortgage insurance sector, saying demographic trends are favorable, weaker affordability argues for more mortgage insurance usage, and higher home prices are supporting housing credit. It sees a favorable risk/reward at current share levels.

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