S&P Cuts ACE Limited (ACE) to 'A'; Outlook Negative
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BMO Capital Remains Bullish on ACE Limited (ACE) Despite Concerns over Merger with Chubb
October 27, 2015 10:16 AM EDTBMO Capital reiterated an Outperform rating on ACE Ltd (NYSE: ACE), and raised the price target to $125.00 (from $122.00), following the company's 3Q earnings results. ACE Ltd. (ACE) posted 3Q15 operating EPS of $2.74, beating the Street consensus of $2.37. ACE-Chubb should be able to continue to deliver better-than-average results. The question BMO Capital has been contemplating most heavily is whether a merger culture clash will impair the cultures of these two organizations.... More
