Financial Firm Says Argonaut a "Strong Buy"

Financial analysis reporting service, New Ratings, said yesterday that analyst C Gregory Peters of the Raymond James firm in Florida announced a "strong buy" rating on the Argonaut Group, Inc (AGII).Argonaut closed yesterday a fraction above $12. Peters set the target price at $16. The stock's 52 week high was $23.55. Its low was $7.25.New Ratings reported that Peter's said that while Argonaut reported significantly lower-than-expected first quarter earnings due to a reserve charge, the firms improving outlook and the reduced workers' compensation risks are expected to significantly boost the ...