Citigroup Maintains Neutral on Arch Capital Group, Raises Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Charlie Lederer maintains a Neutral rating on Arch Capital Group (NASDAQ:ACGL) and raises the price target from $105 to $114.
September 10, 2024 | 4:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup's analyst Charlie Lederer maintains a Neutral rating on Arch Capital Group but raises the price target from $105 to $114, indicating a positive outlook on the stock's potential value.
The increase in the price target from $105 to $114 suggests a positive outlook on Arch Capital Group's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100