Piper Jaffray Reiterates Overweight on Assured Guaranty

Piper Jaffray is out with its report today on Assured Guaranty (NYSE: AGO), reiterating Overweight.

In its report, Piper Jaffray writes, "We reiterate our Overweight rating on shares of Assured Guaranty following S&P's conference call regarding the methodologies and assumptions surrounding the Bond Rating Criteria. In our view, investors and analysts gained little objective insight. However, given Assured Guaranty's capital position heading into the release of the final version, we remain confident in the final outcome on capital and ratings at AGO."

Piper Jaffray maintains a $25 PT on AGO.

Shares of AGO closed Wednesday at $13.49, down 1.68% from Tuesday's close.