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NYSE HOLD XL Capital Ltd.’s (XL Capital) NYSE common stock price increased significantly on 08 July 2008 after
Direct access
recent decline to an
following theannouncement
full report that free of charge
its ratings had been atplaced on negative watch,
Common reflecting an increase in the broader financial market following respite in oil prices and the US Federal
Stock
http://www.iirgroup.com/researchoracle/viewreport/show/20248
Reserve’s indication that it might extend lending facilities to investment banks to improve liquidity in
financial markets. However, we are likely to revise our estimates and target price significantly
Ticker: XL downwards when we come to revalue the stock in view of weakness in premium rates and volatility in
Target price: US$72.25 global financial markets. Therefore, we maintain our current HOLD rating for the NYSE common stock,
Current price: US$20.43 although the current target price suggests a BUY.
Price change
(65.1%)
since last report: We will reassess our common stock rating for XL Capital in our next full update report.
European HOLD Although the current target price suggests a BUY rating, we maintain our current HOLD rating for the
European stock based on our fundamental outlook, and intend to reduce our target price in our next
Stock1 full update report. We no longer expect a significant currency impact on the European common stock
Ticker: XL.F over our investment horizon.
Target price: €50.46
Current price: €11.55
Price change
(69.2%) We will reassess the European stock rating for XL Capital in our next full update report.
since last report:
Footnote
1 The XL.F stock has had a low average daily trading volume of below US$1 mn over the last 12 months.
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