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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100