Truist raised the firm’s price target on Fidelity National to $52 from $48 and keeps a Buy rating on the shares after its Q2 results that showed an “upsurge” in Title business profitability. The decelerating Title order trends amid slowing housing market in the near term could pressure results, but improvement in these metrics through 2023 will help the company generate positive results, the analyst tells investors in a research note.
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Read More on FNF:
- Fidelity National price target raised to $48 from $47 at BTIG
- FNF Reports Second Quarter 2023 Financial Results
- Fidelity National reports Q2 adjusted EPS $1.01, consensus $1.01
- Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.45
- Fidelity National management to meet virtually with Stephens