By: Benzinga
UPDATE: Sterne Agee Downgrades Alterra Capital Holdings to Neutral, Reiterates $29 PT
In a report published Friday, Sterne Agee Group downgraded its rating on Alterra Capital Holdings Ltd. (NASDAQ: ALTE ) from Buy to Neutral, and reiterated its $29.00 price target. Sterne Agee noted, “We are downgrading ALTE to Neutral from Buy given the previously announced acquisition of Alterra by Markel (MKL,
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