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Fly News Breaks for March 15, 2019
AIZ
Mar 15, 2019 | 06:13 EDT
UBS analyst John Nadel lowered his price target on Assurant to $124 after its Investor Day presentation, saying its outlook indicates that his prior assumptions for the company were "too aggressive". The analyst cites Assurant's affirmed earnings growth forecast of 6%-10% for FY19 and 12% in FY20-FY21, while he assumed 16% growth. Nadel also points to the company's shortfall that included lower cumulative buybacks and higher corporate loss but keeps his Buy rating on Assurant.
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