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Fly News Breaks for August 29, 2019
ACGL
Aug 29, 2019 | 06:09 EDT
UBS analyst Brian Meredith raised his price target on Arch Capital to $45 and kept his Buy rating, saying the company's renewal change rate of 3.5% reported in Q2 stands to improve given its exposure to lines with accelerating price increases. The analyst also believes that Arch Capital has the "platform and distribution" to benefit from improved fundamentals, while its Reinsurance business is boosted by better pricing and conditions.
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