Piper Jaffray Overweight On Assured Guaranty

Piper Jaffray has an Overweight rating and a $25 price target on shares of Assured Guaranty AGO. In a note to clients, Piper Jaffray writes, "Meetings with management of Assured Guaranty reiterate our outlook and Overweight rating on the shares. While valuation remains a significant factor in our rating – shares trade at 0.6x current book value – we see other factors easing investor concerns and driving multiple expansion in the shares. Before year end 2011, we anticipate transparency on ratings along with additional, large R&W settlements. We reiterate our $25 price target." Shares of AGO gained 31 cents yesterday to close at $15.46, a gain of 2.05%.