UPDATE: Miller Tabak Downgrades ACE Limited Following Recent Influx of Capital, Premium Valuation
October 03, 2013 at 12:04 PM EDT
In a report published Thursday, Miller Tabak + Co. analyst Tom Mitchell downgraded the rating on ACE Limited (NYSE: ACE ) from Buy to Hold, and raised the price target from $91.50 to $96.35. In the report, Miller Tabak + Co. noted, “Given a recent influx of capital into the