Genworth bull heads to the sidelines after big run

• BTIG's Mark Palmer downgrades Genworth (NYSE:GNW) to Neutral from Buy following a more than tripling in the price from the February low which brought the price above his $5 price target.
• Palmer continues to see a path for the company to be able to achieve a split which would help unlock the value of its U.S. mortgage insurance business, but feels that is now priced into the stock.