Keefe, Bruyette & Woods Downgrades Assured Guaranty to Market Perform, Raises Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith downgraded Assured Guaranty (AGO) from Outperform to Market Perform, while raising the price target from $75 to $92.
April 01, 2024 | 10:36 am
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Assured Guaranty was downgraded from Outperform to Market Perform by Keefe, Bruyette & Woods, though its price target was raised from $75 to $92.
The downgrade to Market Perform suggests a neutral outlook on the stock's short-term performance, indicating that the analyst believes the stock might not outperform the market as it did previously. However, the increase in the price target from $75 to $92 reflects a positive view on the company's valuation, suggesting that the stock could still see some upside. The mixed signals could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100