Seeking Alpha

Fidelity Guaranty & Life downgraded at Macquarie

  • After a big run for Fidelity Guaranty (FGL) since its December IPO, Macquarie cashes in its chips on its Outperform call, downgrading the stock to Neutral with $24 price target.
  • After pricing at $17 per share in mid-December, the stock closed yesterday at $23.29.
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