Arch Capital shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $83 to $90.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Overweight rating on Arch Capital's stock and increased its price target from $83 to $90. This has led to a rise in Arch Capital's share prices.
July 17, 2023 | 2:38 pm
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Arch Capital's stock is trading higher after Wells Fargo maintained an Overweight rating and raised its price target from $83 to $90.
The increase in Arch Capital's share price is directly linked to Wells Fargo's actions. The bank's decision to maintain an Overweight rating indicates a positive outlook for the company. Furthermore, the raised price target from $83 to $90 suggests that Wells Fargo expects the company's stock to perform well in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100