Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Arch Capital to $78 from $72 and keeps an Overweight rating on the shares. Arch Capital, like its reinsurance peers, spoke positively about the cat market and also about the primary market. While its PML did not move much, Arch saw increases at regions where they are underweight and did say they could see more rate movement at 6/1, the firm notes.
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Published first on TheFly
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