RBC Capital analyst Mark Dwelle raised the firm’s price target on Arch Capital to $74 from $70 and keeps an Outperform rating on the shares. The company reported a very strong all around quarter with large upside in top-line growth and underwriting margins, the analyst tells investors in a research note. The firm further notes that the stock’s current valuation is very attractive for a top-caliber underwriting franchise with a history of strong reserves and prudent capital management.
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Published first on TheFly
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