Morgan Stanley Maintains Overweight on Arch Capital Group, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Overweight rating on Arch Capital Group (NASDAQ:ACGL) and raises the price target from $92 to $98.
July 27, 2023 | 3:46 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Arch Capital Group and raises the price target from $92 to $98, indicating a positive outlook for the company.
The raised price target by Morgan Stanley indicates a positive outlook for Arch Capital Group. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100