Will This Price Target Increase Help Genworth Financial (GNW) Today?

Story updated at 10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- UBS raised its price target to Genworth Financial (GNW) to $20 from $18 Thursday.

Shares of Genworth Financial gained 1.4% to $17.80 in morning trading

The firm maintained its "buy" rating for the company. The return of capital return is a key positive catalyst for Genworth according to analysts Suneet Kamath, Daniel Bergman, and Humphrey Lee.

The analysts wrote, "Based on the combination of YE 2013 statutory results and our expectations for 2014/15 financial performance, we argue that management could be in a position to discuss the resumption of capital return with greater clarity and certainty by YE 2014, assuming no business unit sales. Importantly, our current EPS and ROE forecasts for GNW continue to assume no capital return through 2018, suggesting the potential for positive revisions."

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TheStreet Ratings team rates GENWORTH FINANCIAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENWORTH FINANCIAL INC (GNW) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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