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Fly News Breaks for May 4, 2015
AXS
May 4, 2015 | 08:24 EDT
BMO Capital upgraded AXIS on Friday, as the firm predicted that the capital buildup from its current business and its reduced peak zone cat exposure, along with a large breakup fee from PartnerRe, would allow AXIS to return more than $760M of total capital over the next four quarters. Target to $59 from $56.
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