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Fly News Breaks for April 5, 2016
AFSI
Apr 5, 2016 | 09:27 EDT
SunTrust says that AmTrust's weakness yesterday appears to have been caused by its decision to name KPMG as its new auditor. The firm thinks the decision to hire what it calls "a top global auditor" is positive, as SunTrust expects KPMG to help improve AmTrust's accounting and earnings quality. SunTrust keeps a Buy rating on AmTrust.
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