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Fly News Breaks for September 6, 2016
ACGL
Sep 6, 2016 | 06:02 EDT
UBS analyst Brian Meredith upgraded Arch Capital Group to Buy saying the United Guaranty acquisition should be over 30% accretive to earnings beginning in 2017 and over 35% accretive in 2018. Meredith believes mortgage insurance fundamentals remain strong and he upped his price target for the shares to $98 from $73.
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