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Fly News Breaks for October 30, 2019
ACGL
Oct 30, 2019 | 08:37 EDT
MKM Partners analyst Harry Fong raised his price target on Arch Capital to $50 and kept his Buy rating after its Q3 earnings beat that was driven by better than estimated loss reserves. The analyst also maintains his broader positive view of the company as "one of the most opportunistic" in the industry, saying it has taken advantage of reinsurance pricing turning higher.
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