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Fly News Breaks for May 2, 2019
MKL
May 2, 2019 | 09:01 EDT
SunTrust analyst Mark Hughes raised his price target on Markel to $1,100 on improved valuations in the P&C sector but also lowered his FY19 EPS view to $35.96 from $37.11 and kept his Hold rating after its "modest" Q1 earnings shortfall. The analyst believes the stock price reflects the company's risk-reward picture, adding that while Alterra deal could be "highly accretive" in the long run, there may be "some integration challenges."
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