Barclays Initiates Coverage On Arch Capital Group with Equal-Weight Rating, Announces Price Target of $120
Portfolio Pulse from Benzinga Newsdesk
Barclays has initiated coverage on Arch Capital Group with an Equal-Weight rating and set a price target of $120.
September 04, 2024 | 11:26 pm
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NEUTRAL IMPACT
Barclays has initiated coverage on Arch Capital Group with an Equal-Weight rating and a price target of $120, indicating a neutral stance on the stock's potential.
The Equal-Weight rating suggests that Barclays sees Arch Capital Group's stock as fairly valued at current levels, with the $120 price target indicating no significant upside or downside. This neutral stance is likely to result in a stable short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100