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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL: