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Fly News Breaks for May 10, 2019
AGO
May 10, 2019 | 09:26 EDT
MKM Partners analyst Harry Fong raised his price target on Assured Guaranty to $65 and kept his Buy rating after its Q1 earnings beat driven by stronger earned premium and fewer than modeled outstanding shares. The analyst also contends that a resolution to Puerto Rico's debt situation will happen "sooner rather than later," and will result in the company asking regulators for more special dividends from its operating companies to increase its buyback program.
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