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Fly News Breaks for July 11, 2018
KDDIY, AIZ
Jul 11, 2018 | 09:29 EDT
SunTrust analyst Mark Hughes raised his price target on Assurant (AIZ) to $129 and kept his Buy rating, saying the company's operating environment within key end markets was generally healthy. Hughes notes that this should position the company to top consensus earnings for the quarter as it integrates TWG Holdings earlier than anticipated. The analyst also sees the valuation on Assurant as favorable given its post-integration expected run-rate earnings growth, stating that the company should "continue to outperform the broader smartphone industry" after a 18% expansion in devices covered during Q1 thanks to its emerging relationship with KDDI (KDDIY).
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