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Fly News Breaks for February 5, 2016
XL
Feb 5, 2016 | 09:32 EDT
Keefe Bruyette analyst Meyer Shields recommends buying XL Group shares on the post-earnings selloff. The market's negative response to the Q4 miss overlooks the fact that the 5 core loss ratio included a legacy-Catlin accident-year 2015 loss pick true-up and significant large non-catastrophe losses, Shields tells investors in a post-earnings research note titled "Buy on Weakness - Then Buy More!" He keeps an Outperform rating on XL with a $45 price target.
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