Wells Fargo Reaffirms Their Hold Rating on Accelerant Holdings Class A (ARX)
In a report released today, from Wells Fargo maintained a Hold rating on Accelerant Holdings Class A, with a price target of $17.00.
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In addition to Wells Fargo, Accelerant Holdings Class A also received a Hold from TipRanks – PerPlexity’s PerPlexity Insurance – Brokers in a report issued today. However, on the same day, Piper Sandler maintained a Buy rating on Accelerant Holdings Class A (NYSE: ARX).
Based on Accelerant Holdings Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $267.4 million and a GAAP net loss of $1.44 billion. In comparison, last year the company earned a revenue of $128.8 million and had a net profit of $7.1 million
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