Arch Capital price target raised to $102 from $101 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Arch Capital (ACGL) to $102 from $101 and keeps a Market Perform rating on the shares. The firm expects continued property catastrophe reinsurance pricing softness to limit Arch’s near-term upside, the analyst tells investors in a research note.