Morgan Stanley Maintains Overweight on Arch Capital Group, Raises Price Target to $103
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 $100 to $103.
October 31, 2023 | 12:32 pm
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Morgan Stanley has maintained an Overweight rating on Arch Capital Group and raised the price target from $100 to $103, which could lead to a positive market reaction.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Arch Capital Group. The increase in the price target from $100 to $103 suggests that the analyst sees further upside potential for the stock, which could lead to a positive market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100