Reported 2 days ago
Truist has begun coverage of Ambac Financial Group (AMBC) with a 'Buy' rating and a target price of $10. The analyst highlighted Ambac as a promising player in the managing general agent brokerage market, noting a strong start to 2025 with a 70% increase in premium production and a 27% rise in revenue year-over-year. Ambac's diversified portfolio aims for long-term growth amidst market fluctuations, as it prepares to finalize its transformation into a specialty P&C insurance platform.
Source: YAHOO