BTIG Starts Assured Guaranty (AGO) at Buy; Investors May Have Overlooked Opportunities
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Price: $75.94 -0.37%
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
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BTIG initiates coverage on Assured Guaranty (NYSE: AGO) with a Buy. PT $35.00.
BTIG analyst says, "We view Assured Guaranty’s equity as deeply undervalued at current trading levels and anticipate that as the fears that have depressed its share price abate and the viability of its business model becomes more apparent, it will gravitate toward its intrinsic value. Consequently, we believe investors who can appreciate that Assured’s risk profile is overstated, and that its ability to generate profitable new business is understated, could realize outsized returns. While the headwinds Assured (AGO) faces – weakness in the U.S. municipal bond market and the budgetary pressures facing insured municipalities, residual RMBS positions, and exposure to troubled Eurozone countries – are not inconsequential, we believe the market grossly underestimates the company’s ability to manage these risks."
For an analyst ratings summary and ratings history on Assured Guaranty click here. For more ratings news on Assured Guaranty click here.
Shares of Assured Guaranty closed at $11.25 yesterday.
BTIG analyst says, "We view Assured Guaranty’s equity as deeply undervalued at current trading levels and anticipate that as the fears that have depressed its share price abate and the viability of its business model becomes more apparent, it will gravitate toward its intrinsic value. Consequently, we believe investors who can appreciate that Assured’s risk profile is overstated, and that its ability to generate profitable new business is understated, could realize outsized returns. While the headwinds Assured (AGO) faces – weakness in the U.S. municipal bond market and the budgetary pressures facing insured municipalities, residual RMBS positions, and exposure to troubled Eurozone countries – are not inconsequential, we believe the market grossly underestimates the company’s ability to manage these risks."
For an analyst ratings summary and ratings history on Assured Guaranty click here. For more ratings news on Assured Guaranty click here.
Shares of Assured Guaranty closed at $11.25 yesterday.
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