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Fly News Breaks for December 6, 2016
JRVR
Dec 6, 2016 | 07:12 EDT
SunTrust analyst Mark Hughes raised James River's price target to $48 from $43 based on rising valuations in the P&C sector and potential earnings upside. The analyst said the outlook for increased reserve gains, improved profitability in Specialty Admitted, tailwinds from a government stimulus plan, and higher investment income appear excellent. Hughes rates James River a Buy.
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