(PMI) PMI Group Analyst Downgrades Shares to Underperform
We have recently downgraded PMI Group Inc. (PMI) to Underperform, as we expect losses and loss adjustment expenses from mortgage insurance operations, increased valuation allowances, lower premiums earned and shrunken investment income will continue to pressure PMI Group’s earnings. PMI Group’s default inventory and default rate increased significantly in 2009 to 2010 due to delinquencies [...] (PMI) PMI Group Analyst Downgrades Shares to Underperform
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