Citizens JMP initiated coverage of Accelerant (ARX) with a Market Perform rating and no price target The firm views the business as “highly differentiated” and sees a strong likelihood significant revenue growth and profitability for many years to come. However, its analysis indicates fair value for the shares in the $32-$33 range, which offers modest upside from current levels.
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Read More on ARX:
- Accelerant initiated with a Neutral at Goldman Sachs
- Accelerant initiated with an Outperform at BMO Capital
- Balanced Outlook on Accelerant Holdings Class A: Strong Growth Potential Amidst Inherent Business Risks
- Accelerant Holdings Class A: Positioned for Growth and Innovation in the Insurance Sector
- Two new option listings and one option delisting on July 29th