Arch Capital price target raised to $96 from $92 at Barclays

Barclays raised the firm’s price target on Arch Capital to $96 from $92 and keeps an Overweight rating on the shares. The analyst is “incrementally more cautious” about the time frame of auto pricing inflecting with loss trend, now early 2025 from late 2024. In the meantime, the firm is “more constructive” on reinsurance and commercial lines sectors heading into the Q3 reports.