RBC Capital analyst Mark Dwelle raised the firm’s price target on Arch Capital to $81 from $74 and keeps an Outperform rating on the shares. The company’s Q1 results saw upside with the Insurance and MI segments generating better-than-anticipated underwriting margins, the analyst tells investors in a research note. RBC expects Arch to deliver strong growth over the next few quarters while the "hard market" lasts.
Published first on TheFly
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