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Fly News Breaks for August 17, 2016
ACGL
Aug 17, 2016 | 08:40 EDT
After Arch agreed to buy United Guaranty, RBC Capital analyst Mark Dwelle says he is upbeat on the transaction, given what he sees as its "ROE/EPS potential" and the increased scale that he says Arch will gain from the deal. Dwelle notes that the deal also diversifies Arch's core business away from P&C insurance. He raised his price target on the name to $87 from $80 and keeps an Outperform rating on the stock.
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