UBS lowered the firm’s price target on Assured Guaranty to $84 from $102 and keeps a Neutral rating on the shares. Management’s outlook is for growth to remain strong amidst an uncertain economic environment and rising opportunities with international infrastructure deals, but they expect it will take a few more years before they can meaningfully reduce capital and reduce the “E in their ROE,” the analyst tells investors in a research note. The firm sees a balanced risk/reward.
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