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Fly News Breaks for February 8, 2018
MKL
Feb 8, 2018 | 08:33 EDT
RBC Capital analyst Mark Dwelle raised his price target on Markel to $1,200 after the company's "typically strong" Q4 earnings, citing "good underwriting and favorable investment results". The analyst notes that Markel's two insurance and one non-insurance acquisitions have helped position it in a market with improved pricing and growth opportunities. Dwelle believes the company represents an "attractive core holding", keeping his Sector Perform rating on valuation.
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