UPDATE: Compass Point Initiates Coverage on NMI as Top Pick in Sector

In a report published Friday, Compass Point analyst Jason Stewart initiated coverage on NMI (NASDAQ: NMIH ) with a Buy rating and $17.50 price target. In the report, Compass Point noted, “We initiate coverage of NMI Holdings (NASDAQ: NMIH ) with a Buy rating and a $17.50 price target.