Fidelity National Financial is trading 4.01% down now at $48.17 after Keefe, Bruyette & Woods lowered its price target to $61 from $64 while maintaining an Outperform rating.
- The adjustment signals a more cautious earnings outlook despite strong second-quarter results, including a 17.8% title margin.
- Broader markets are only modestly lower, so macro sentiment appears secondary to the analyst revision.