UPDATE: UBS Upgrades Assured Guaranty (AGO) to Buy; Opportunity Opens After Recent Dip on Moody's Review

(Updated - May 24, 2012 1:05 PM EDT)

UBS upgraded Assured Guaranty (NYSE: AGO) from Neutral to Buy. PT $18.

Analyst, Brian Meredith, said, "Since the 3/20/12 news of the Moody’s rating review, AGO shares are down 37% vs. S&P Financials down 12%. Following that underperformance, we think the share price now more than incorporates a Moody’s downgrade to below Aa3. Our upgrade of the stock to Buy reflects our assessment of a favorable risk-reward at the current price. Also, while a low probability, in our view, if AGO maintains its Aa3 Moody’s ratings, there would be significant upside for the stock price."

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 $12.11 yesterday.

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