Assured Guaranty (AGO +10.5%) soars after BTIG starts coverage on the credit protection provider...

|About: Assured Guaranty Ltd. (AGO)|By:, SA News Editor

Assured Guaranty (AGO +10.5%) soars after BTIG starts coverage on the credit protection provider with a Buy and $35 PT. While noting Assured's exposure to sensitive areas such as muni bonds, residential MBS, and the PIIGS, the firm thinks "the market underestimates its ability to manage these risks. BTIG also notes shares currently trade at just 0.23x their adjusted book value. (last week)