Ambac Financial price target raised to $19 from $18 at Compass Point

Compass Point raised the firm’s price target on Ambac Financial to $19 from $18 and keeps a Buy rating on the shares after the company reported Q1 adjusted EPS of 20c and ABV/share that was up from Q4. The firm believes a monetization of AAC is “the most important near-term catalyst and source of value creation” for Ambac, so it was “encouraged” by the company’s updated commentary, the analyst tells investors.