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Fly News Breaks for December 20, 2017
AGO
Dec 20, 2017 | 07:45 EDT
Keefe Bruyette analyst Bose George started Assured Guaranty with an Outperform rating and $47 price target. While the company's losses from the Puerto Rican debt crisis could be material, a more likely scenario is a resolution that results in losses that are already incorporated in the valuation of the shares, George tells investors in a research note. Further, the analyst believes higher interest rates should improve the landscape for new business.
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