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Fly News Breaks for November 29, 2016
AGO
Nov 29, 2016 | 07:29 EDT
UBS analyst Brian Meredith raised his price target on Assured Guaranty to $40 from $33 based on its acquisition of MBIA U.K., which should close in January. The analyst sees book value accretion as well as earnings accretion. He also said the election results could lead to increased infrastructure spending and higher interest rates. Meredith reiterated his Buy rating on Assured Guaranty shares.
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