Barclays lowered the firm’s price target on Arch Capital (ACGL) to $93 from $100 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL:
- Arch Capital price target lowered to $105 from $110 at Morgan Stanley
- Arch Capital price target lowered to $124 from $127 at UBS
- Arch Capital price target lowered to $104 from $113 at Keefe Bruyette
- Arch Capital price target raised to $107 from $106 at JPMorgan
- Positive Outlook for Arch Capital Group Driven by Strong Reserve Management and Strategic Risk Practices