FBR Capital Downgrades Maiden Holdings (MHLD) to Market Perform

November 28, 2016 5:56 AM EST
Get Alerts MHLD Hot Sheet
Price: $17.75 -0.56%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital downgraded Maiden Holdings (NASDAQ: MHLD) from Outperform to Market Perform while maintaining a price target of $16.00.

Analyst Randy Binner commented, "MHLD is +17% post election but sees only marginal spread benefit from higher rates. Given its Bermuda domicile, the name does not see much potential tax benefit, nor a benefit from deregulation. MHLD is trading at 92% of its five-year min/max P/E valuation."

For an analyst ratings summary and ratings history on Maiden Holdings click here. For more ratings news on Maiden Holdings click here.

Shares of Maiden Holdings closed at $16.40 yesterday.

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