Evercore ISI raised the firm’s price target on Arch Capital to $107 from $104 and keeps an In Line rating on the shares. Property & Casualty insurance stocks worked in Q3 as a lighter natural catastrophe season and positioning drove stocks to new highs and while Hurricane Helene and now Hurricane Milton “have changed the dynamic,” the firm still expects to see “decent 3Q24 prints across the underwriters,” the analyst tells investors in a preview for the group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL:
- Arch Capital price target raised to $134 from $114 at Jefferies
- Arch Capital price target raised to $138 from $116 at TD Cowen
- Arch Capital Group Bolsters Board with Strategic Appointments
- Arch Capital price target raised to $114 from $105 at Citi
- Arch Capital initiated with an Equal Weight at Barclays
Questions or Comments about the article? Write to editor@tipranks.com