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Fly News Breaks for January 6, 2020
ACGL
Jan 6, 2020 | 07:07 EDT
As previously reported, Wells Fargo analyst Elyse Greenspan upgraded Arch Capital to Overweight from Equal Weight with a $48 price target. In 2020, the company should benefit from a continued hard market for mortgage and an improving P&C market, she contends. Further, the analyst notes that Arch Capital has optionality from its large excess capital position and it fits in with her overall theme of picking the P&C insurers most exposed to firming markets.
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