AmTrust Financial (AFSI) Tops Q3 EPS by 55c
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Compass Point Upgrades AmTrust Financial (AFSI) to Buy
November 5, 2014 8:31 AM ESTCompass Point upgraded AmTrust Financial (NASDAQ: AFSI) from Neutral to Buy with a price target of $57.00 (from $52.00).
Analyst Ken Billingsley comments, "We upgrade AFSI to Buy following the recent sell-off coupled with a strong earnings quarter and are raising our price target to $57 from $52. AFSI beat the consensus estimate on improved results across the board, aided heavily by a large favorable tax benefit during the quarter. Excluding the tax benefit, we estimate the reported $1.70... More
