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Fly News Breaks for October 1, 2019
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Oct 1, 2019 | 06:08 EDT
JMP Securities analyst Matthew Carletti raised his price target on Alleghany to $875 and kept his Outperform rating after meeting with its management last week. The analyst says the discussion gave him increased confidence in the company's prospects, noting that all three of its re-insurance businesses are benefiting from market tailwinds and favorable economic conditions.
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