Arch Capital price target raised to $100 from $95 at JMP Securities

JMP Securities raised the firm’s price target on Arch Capital to $100 from $95 and keeps an Outperform rating on the shares following better than expected results for the fourth quarter. Arch is a best-in-class company, and JMP believes Arch’s shares deserve a premium valuation over the long-term given the company’s consistently strong operating results and proactive cycle management, the analyst tells investors in a research note.