Goldman Sachs Initiates Coverage On Arch Capital Group with Neutral Rating, Announces Price Target of $80
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has initiated coverage on Arch Capital Group (NASDAQ:ACGL) with a Neutral rating and a price target of $80.

September 08, 2023 | 11:56 am
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Goldman Sachs has initiated coverage on Arch Capital Group with a Neutral rating and a price target of $80.
The initiation of coverage by Goldman Sachs, a major investment bank, is a significant event for Arch Capital Group. The Neutral rating suggests that Goldman Sachs believes the stock is fairly valued at current levels. The price target of $80 provides a reference point for investors, but does not necessarily suggest significant upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100