Wells Fargo Maintains Overweight on Arch Capital Group, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Arch Capital Group (ACGL) and raises the price target from $104 to $109.
April 11, 2024 | 2:05 pm
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Arch Capital Group and raises the price target from $104 to $109.
The increase in price target by a reputable analyst like Elyse Greenspan suggests a strong confidence in Arch Capital Group's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100