Morgan Stanley Maintains Overweight on Arch Capital Group, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Overweight rating on Arch Capital Group (NASDAQ:ACGL) and increased the price target from $104 to $109.
April 15, 2024 | 4:12 pm
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Morgan Stanley has reaffirmed its Overweight rating on Arch Capital Group and raised the price target from $104 to $109.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the company's future performance. This endorsement is likely to instill confidence among investors, potentially driving up the stock price in the short term.
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