(Reuters) - The brokerage downgraded PMI and MGIC to "neutral" from
"buy." UBS also cut its price target on MGIC to $62 from $75
and on PMI to $52 from $56.
UBS now estimates that reserve building would be
substantially greater than its previous forecast, and that it
would reduce earnings and return on earnings through 2008.
Read more at Reuters.com Bonds News
"buy." UBS also cut its price target on MGIC to $62 from $75
and on PMI to $52 from $56.
UBS now estimates that reserve building would be
substantially greater than its previous forecast, and that it
would reduce earnings and return on earnings through 2008.
Read more at Reuters.com Bonds News
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