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Fly News Breaks for August 7, 2018
AFH
Aug 7, 2018 | 07:36 EDT
Boenning & Scattergood analyst Robert Farnam upgraded Atlas Financial to Outperform with a $10 price target following the Q2 report. Farnam said Atlas is moving in the right direction as management works to rebuild investor trust following the Q4 2017 reserve charge and notes it does not believe the A.M. Best downgrade will have a material impact on the quality or quantity of the business. The analyst views risk/reward as compelling given share underperformance saying upside outweighs downside.
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