Piper Jaffray downgrades Affirmative Insurance (AFFM) to Sell
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- Piper Jaffray downgrades Affirmative Insurance (AFFM) to Sell
- EARNINGS DUE AFTER THE CLOSE TODAY AND BEFORE THE OPEN TOMORROW
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Piper Jaffray downgrades Affirmative Insurance (Nasdaq: AFFM) from Neutral to Sell and cut its price target from $13 to $10. The firm cited a diminished outlook for 2008 production and a lack of transparency on 2008 earnings.
Affirmative Insurance Holdings, Inc. is a distributor and producer of non-standard personal automobile insurance policies to individual consumers.
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