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Fly News Breaks for June 30, 2015
AGO
Jun 30, 2015 | 07:15 EDT
UBS said the shares of Assured Guaranty appear to be discounting a substantial loss due comments made by Puerto Rico's governor that it will be unable to make payments on its outstanding debt. The firm feels Assured's exposure to Puerto Rico is manageable, but will remain an overhang on the shares. UBS reiterated its Buy rating and $31 price target on the stock.
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