Wells Fargo Maintains Overweight on Arch Capital Group, Raises Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has maintained an Overweight rating on Arch Capital Group (NASDAQ:ACGL) and raised the price target from $110 to $126.
October 10, 2024 | 2:43 pm
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Wells Fargo has increased its price target for Arch Capital Group from $110 to $126, maintaining an Overweight rating. This suggests a positive outlook for the company's stock.
The increase in price target from $110 to $126 by a reputable analyst at Wells Fargo indicates a strong positive sentiment towards Arch Capital Group's future performance. The Overweight rating suggests that the stock is expected to outperform the market, which is likely to have a positive impact on its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100