Jefferies initiated coverage of SiriusPoint (SPNT) with a Hold rating and $17 price target The firm models favorable growth, low volatility results, and mostly stable margins ahead for the company. However, it awaits the emergence of prior transformative actions in results before turning positive on the shares. It believes SiriusPoint’s turnaround is largely reflected in the valuation.
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Read More on SPNT:
- SiriusPoint: Hold Rating Amidst Transformation and Valuation Constraints
- SiriusPoint 4.107M share Spot Secondary priced at $14.00
- SiriusPoint announces offering of 4.11M common shares for holders
- SiriusPoint Achieves Strong Underwriting Profits Despite Challenges
- SiriusPoint Ltd’s Positive Earnings Call Amid Challenges
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