Fidelity Guaranty & Life downgraded at Macquarie

|About: Fidelity & Guaranty Life (FGL)|By:, SA News Editor

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.