Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Arch Capital (ACGL) to $108 from $106 and keeps an Overweight rating on the shares. The firm notes Arch Capital traded down on the weaker premium growth plus its view on the market becoming more competitive. Wells still sees Arch generating a strong ROE in addition to strong capital return, which to the firm poses an attractive risk/reward at this valuation.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL:
- Arch Capital Group: Strong Return on Equity and Growth Opportunities Amid Market Challenges
- Arch Capital Reports Mixed Q1 2025 Results Amid Challenges
- Arch Capital’s Earnings Call Highlights Resilience Amid Challenges
- Arch Capital reports Q1 EPS $1.48, consensus $1.31
- Is ACGL a Buy, Before Earnings?