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JP Morgan reiterated its Overweight rating on Allied World Assurance Holdings
AWH and raised its price target from $85 to $87.
JP Morgan commented, "We are updating our EPS estimates for Allied World Assurance
OW to reflect a number of factors. Specifically, we are raising our 2012 FY EPS estimate by $0.92 to $7.67 to reflect an upward revision to our 3Q EPS estimate ($1.43 from $0.53) due to lower-than-average catastrophe loss experience (we now estimate $13.8 million pretax losses versus $47.5 million previously)."
Allied World Assurance Holdings closed at $77.25 on Friday.
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