Morgan Stanley Maintains Overweight on Arch Capital Group, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Overweight rating on Arch Capital Group (NASDAQ:ACGL) and raised the price target from $98 to $100.
October 11, 2023 | 1:24 pm
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Morgan Stanley has maintained an Overweight rating on Arch Capital Group and raised the price target from $98 to $100, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Arch Capital Group's stock will outperform the average market return. The increase in the price target from $98 to $100 suggests that they expect the stock's price to rise, which could attract investors and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100