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Fly News Breaks for April 12, 2017
AFSI
Apr 12, 2017 | 07:11 EDT
After an article in the Wall Street Journal reported an alleged probe in 2014 by the SEC regarding AmTrust's accounting for losses and reserves, SunTrust analyst Mark Hughes says that the allegations were made by a whistleblower working with a short selling group in 2014 and that the allegations did not yield any results at that time. Consequently, the analyst believes that the allegations are "unfounded." He keeps a $28 price target and a Buy rating on the shares.
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