Citizens JMP analyst Matthew Carletti downgraded Aspen Insurance (AHL) to Market Perform from Outperform without a rice target after the company agreed to be acquired by Sompo Holdings (SMPNY) for $37.50 per share, or $3.5B in cash. While a better, competing offer “can never be ruled out,” the odds are “quite low,” the analyst tells investors in a research note.
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