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Fly News Breaks for April 14, 2016
AGO
Apr 14, 2016 | 07:33 EDT
UBS analyst Brian Meredith said the capital accretive acquisition of CIFG Holding will give Assured Guaranty a larger base from which to earn investment income, which is a good approximation for its dividend capacity, adding that excess capital could also be used for more share buybacks. The analyst keeps a Buy rating and $33 price target on Assured shares.
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