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Kingsway shares have had enough: RBC Capital

Posted on June 20, 2008

When it comes to the beating that shares in Kingsway Financial Services Inc. have taken this past year, RBC Capital associate analyst Dennis Westfall says enough is enough, and upgraded his rating on the stock from underperform to outperform. The upgrade reflects our belief that the market has more-than-adequately revalued Kingsway's shares following seven consecutive weeks of adverse reserve development, the associate analyst said in a note to clients.Mr. Westfall, who had lead coverage of the Canadian P&C Insurance industry transferred to him recently, argued that Kingsway's current s...

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Tags:
analyst , canadian , outperform , underperform
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