Raymond James ups Old Republic International (ORI +0.5%) to Outperform today, saying the...

|About: Old Republic International ... (ORI)|By:, SA News Editor

Raymond James ups Old Republic International (ORI +0.5%) to Outperform today, saying the mortgage insurer is unlikely to face a demand for prepayment on its convertible debt after the firm attended a hearing about its plan to get back on track. The issue has nagged ORI since its mortgage-insurance unit was placed under "supervision" by the North Carolina insurance department.