(MTG) MTG Investment Corporation Downgraded to Neutral
We are downgrading our recommendation on the shares of MGIC Investment Corp. (MTG) to Neutral from Outperform, following the company’s first quarter 2011 results, which missed the earnings guidance due to higher paid losses, lower rescission and increased claims. For the past couple of years, MGIC has been hit hard by the deterioration in mortgage [...] (MTG) MTG Investment Corporation Downgraded to Neutral
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