Goldman Sachs Upgrades Assurant (AIZ) to Buy, Attractive Risk/Reward

Goldman Sachs upgraded Assurant (NYSE: AIZ) from Neutral to Buy with a price target of $45.00 (from $43.00).

"We see attractive Risk (-6%)/ Reward (+21%) as recent data points and our detailed analysis of loss experience by state implies that premium rate changes will not be nationalized and the total change will be less severe than the market expects," the firm said. Goldman said the market is currently pricing an outcome more in line with our "bear case."

As clarity emerges on the regulatory front, the firm expects investors to focus robust FCF and its proven track record of aggressively buying back stock.

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

Shares of Assurant closed at $37.69 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
• JMDC Inc (4483:JP) PT Lowered to JPY6,800 at Nomura/Instinet
• CLSA Upgrades BNK Financial (138930:KS) to Outperform (2)