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Fly News Breaks for February 12, 2018
ORI
Feb 12, 2018 | 08:12 EDT
As previously reported, JMP Securities analyst Matthew Carletti upgraded Old Republic to Outperform from Market Perform, as he sees tailwinds from an improving combined ratio, a valuation discount to peers that is near a historical high, and catalysts such as the likely favorable resolution to its mortgage insurance business and upcoming redemption of a convertible bond. He set a $23 price target on Old Republic shares.
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