Marriott International penned a deal with Hiap Hoe Limited to launch the Aloft Hotels brand in Singapore.
Karen Firestone of Aureus Asset Management named Fortive Corporation FTV, which is a mid-cap engineering company and software provider for health care and other industries.
Fortive reported first-quarter sales growth of 6.1% year-over-year to $1.46 billion, beating the consensus estimate of $1.42 billion.
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Joseph Terranova of Virtus Investment Partners said Arch Capital Group Ltd. ACGL is a great company, growing at 34% over the last four quarters and double digits over the last 36 months.
Morgan Stanley analyst Michael Phillips initiated coverage of Arch Capital Group with an Overweight rating and $92 price target.
Price Action: Arch Capital shares rose 1.4% to settle at $71.77, while Fortive shares fell 0.4% to close at $71.22 on Wednesday. Marriott shares gained 1.3% to close at $176.12 during the Wednesday’s session.
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