UPDATE: Nomura Initiates ACE Limited with Buy on Multiple Positive Factors
June 05, 2013 at 09:11 AM EDT
In a report published Wednesday, Nomura analyst Cliff Gallant initiated coverage on ACE Limited (NYSE: ACE ) with a Buy rating and $105.00 price target. In the report, Nomura noted, “ACE is a market leader in the US, Bermuda and London, and has a rapidly growing Asian presence. We expect