Arch Capital price target raised to $70 from $60 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Arch Capital to $70 from $60 and keeps an Outperform rating on the shares. 2023. The company is an opportunistic underwriter and the extreme hard market conditions across the reinsurance market are just the scenarios where Arch has historically done very well from both a top-line and a bottom-line perspective, Dwelle tells investors in a research note.