Piper Jaffray Overweight On Assured Guaranty

Piper Jaffray is out with a research report on Assured Guaranty (NYSE: AGO) and it has an Overweight rating and a $25 price target on shares.

In a note to clients, Piper Jaffray writes, "Following the release of S&P's final Bond Insurance Rating Methodology and Assumptions, we performed a detailed analysis of the rating framework in order to clarify the process for investors. Given the many moving pieces since S&P released the RfC in January, it makes sense to step back and work through the methodology using reasonable assumptions. Through our analysis, we gain conviction in the affirmation of AGO's AA rating from S&P. We reiterate our Overweight rating on shares of AGO with a $25 Price Target."

Shares of AGO closed at $12.66 on Friday.