Morgan Stanley Initiates Coverage On Arch Capital Group with Overweight Rating, Announces Price Target of $92
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Michael Phillips initiates coverage on Arch Capital Group (NASDAQ:ACGL) with an Overweight rating and a price target of $92.
June 20, 2023 | 10:42 am
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Morgan Stanley initiates coverage on Arch Capital Group with an Overweight rating and a price target of $92.
Morgan Stanley's initiation of coverage on Arch Capital Group with an Overweight rating and a price target of $92 indicates a positive outlook for the company's stock. This news is likely to have a positive impact on ACGL's stock price in the short term as investors may view the rating as a sign of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100