BMO Capital analyst Michael Zaremski downgraded Aspen Insurance (AHL) to Market Perform from Outperform with a price target of $37.50, down from $38. The downgrade comes after the announced Sompo (SMPNY) takeout, with the new $37.50 price target equal to the announced deal price, the analyst tells investors in a research note. The firm also noted that multiple news sources have reported that Enstar is suing Aspen with respect to details around the loss portfolio transfer agreement.
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