NMI Holdings price target raised to $40 from $36 at JPMorgan

JPMorgan raised the firm’s price target on NMI Holdings to $40 from $36 and keeps an Overweight rating on the shares as part of a Q2 preview for the consumer finance group. The analyst is still projecting seasonal declines in net charge-offs through midyear with a seasonal rebound in Q4 and Q1 of 2025. “If sentiment remains unchanged, investors simply may not care about elevated losses,” the analyst tells investors in a research note. JPMorgan says credit-sensitive names could outperform due to positive earnings revisions from reserve releases.