Assured Guaranty EPS May Fall Over 60 Percent on Detroit Bankruptcy – ValueWalk Premium
Detroit

Assured Guaranty EPS May Fall Over 60 Percent on Detroit Bankruptcy

UBS research team has trimmed the second-quarter operating EPS estimates for Assured Guaranty Ltd. (NYSE:AGO) from $0.67 to $0.25 for its exposure to Detroit. That is a whopping 60 percent cut for the insurance giant.

Brian Meredith and Marie Lunackova of UBS Investment Research in their report, however, maintained their buy rating on Assured Guaranty.

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