Wunderlich Securities Upholds Buy And $12 PT On Meadowbrook Insurance Group (MIG)

Wunderlich Securities upholded a Buy rating and price target of $12 on Meadowbrook Insurance Group MIG in a research report published today. In the report, Wunderlich states, "We believe MIG has built a strong foundation on which to leverage the improving pricing environment. Our 2011 EPS estimate of $1.10 is unchanged, consistent with MIG's guidance of $1.00 to $1.10. We continue to rate MIG shares Buy with a $12 price target." On Tuesday, its shares closed at $10.24.