Ambac Financial Group Will Be Better Positioned Once Sale Of Financial Guarantee Business Closes, Analyst Says
AMBCAmbac(AMBC) Benzinga·2024-09-18 22:38

After declining since the beginning of 2024, shares of Ambac Financial Group, Inc. AMBC have risen by almost 10% over the past five trading sessions.The sale of Ambac Financial Group's legacy financial guarantee business is expected to close by yearend, positioning the holding company for cash earnings "within a year or two," according to Roth Capital Partners.Analyst Harry Fong upgraded the rating for Ambac Financial Group from Neutral to Buy, while raising the price target from 13to13 to 15.The Ambac Finan ...