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Add as a preferred source on GoogleJ.P. Morgan Cuts Enact Holdings to Underweight on Premium Valuation
Enact Holdings shares fell 1.8% in Monday morning trading after the downgrade from Neutral, with limited near-term upside cited.
J.P. Morgan downgraded Enact Holdings to Underweight from Neutral, citing the mortgage insurer’s premium valuation relative to peers and limited near-term upside.
Enact Holdings shares fell 1.8% in Monday morning trading on Oct. 12 after the rating change. The company’s relative valuation premium was the central factor behind the downgrade.
The item was published at 10:28 a.m. ET (14:28 UTC) on Oct. 12.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.