J.P. Morgan Cuts Enact Holdings to Underweight on Premium Valuation
Photo: TokenPost
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 reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
