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Fly News Breaks for June 12, 2019
AMBC
Jun 12, 2019 | 07:27 EDT
MKM Partners analyst Harry Fong lowered his price target on Ambac Financial to $15 to reflect the 20% decline in the company's stock price since the end of April. The analyst notes that while he is not aware of any fundamental change in the company or the financial guaranty industry, he also keeps his Neutral rating on Ambac Financial stock, citing his "inability to see how capital can flow from its operating company to the holding company."
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