Wells Fargo raised the firm’s price target on Arch Capital (ACGL) to $110 from $108 and keeps an Overweight rating on the shares. The firm says the focus should be on views on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/VII/capital for life companies.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL:
- Arch Capital downgraded to Market Perform from Outperform at Keefe Bruyette
- McDonald’s downgraded on GLP-1 drug worries: Wall Street’s top analyst calls
- Arch Capital downgraded to Hold from Buy at Jefferies
- Cautious Hold Rating on Arch Capital Group Amid Competitive Pressures and Lowered Growth Prospects
- Arch Capital management to meet with Roth MKM