Goldman Sachs Starts ACE Ltd (ACE) at Buy
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Price: $111.02 +0.87%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs resumes coverage on ACE Ltd (NYSE: ACE) with a Buy rating and $77.00 price target, representing 21% upside.
The firm said the company has a sizable Property-CAT platform and enough capital to easily double reinsurance premiums if pricing conditions improve. If losses in the summer drive Property-CAT pricing higher, ACE can benefit by writing more business, the firm notes.
For more ratings news on ACE Ltd click here and for the rating history of ACE Ltd click here.
Shares of ACE Ltd closed at $65.26 yesterday.
The firm said the company has a sizable Property-CAT platform and enough capital to easily double reinsurance premiums if pricing conditions improve. If losses in the summer drive Property-CAT pricing higher, ACE can benefit by writing more business, the firm notes.
For more ratings news on ACE Ltd click here and for the rating history of ACE Ltd click here.
Shares of ACE Ltd closed at $65.26 yesterday.
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