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ARGO - Argo Group shares slip 4.0% after Compass Point downgrades
Argo Group International Holdings Ltd.
Argo Group International (ARGO) skids down 4.0% after Compass Point analyst Casey Alexander downgrades the stock to Neutral from Buy.Price target of $41 implies 1.6% downside potential vs. Tuesday's close.A three-year view shows ARGO's dropping sharply vs. the S&P 500 and S&P 1500 Composite P&C Insurance Index starting in February 2020, just as news of the COVID-19 outbreak hit:Quant rating for Argo is Bearish: