Arch Capital price target raised to $92 from $90 at Wells Fargo

Wells Fargo raised the firm’s price target on Arch Capital to $92 from $90 and keeps an Overweight rating on the shares. Arch Capital “aced” the quarter and it has one of the strongest outlooks throughout the insurance sector, the analyst tells investors in a research note. Arch is positioned to show good growth regardless if there is an active or inactive storm season, the firm contends.