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Genworth defended at BTIG

Nov. 06, 2014 11:52 AM ETGenworth Financial, Inc. (GNW) StockGNWBy: Stephen Alpher, SA News Editor
  • "We also believe that the approximately $3.2B in the company’s market capitalization that has been erased since the LTC issues emerged in July more than reflects their actual impact on the company’s overall valuation," say BTIG's Mark Palmer and Giuliano Bologna, standing by their Buy rating on Genworth (GNW -36%) as investors elsewhere bail out as fast as possible. The team does slash its price target to $16 from $22.
  • Previously: More on Genworth: Sell-side dour; now lower by 36%
  • Previously: Genworth plummets after LTC charge

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