BofA lowered the firm’s price target on Arch Capital (ACGL) to $114 from $124 and keeps a Buy rating on the shares. The firm adjusted price target among its U.S. insurance coverage to reflect Q4 events and changes to peer multiples.
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Read More on ACGL:
- Arch Capital price target raised to $106 from $104 at Barclays
- Arch Capital price target raised to $105 from $104 at Keefe Bruyette
- Arch Insurance North America expands Arch CyPro into Canada
- Arch Capital Declares Dividends on Preferred Share Series
- Arch Capital price target raised to $114 from $113 at UBS