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Janney Montgomery's Rating Change Only Had Short-term Impact, Endurance Specialty Up 0.1% (ENH)

By David Diaz

One week ago Endurance Specialty (NYSE:ENH) was downgraded from Buy to Neutral at Janney Montgomery. The shares closed at $91.88, or 0.1% over the $91.75 price of one week ago.

Based on a current price of $91.88, Endurance Specialty is currently 23.8% above its average consensus analyst price target of $70.00. Endurance Specialty shares have support at the 50-day moving average (MA) of $64.31 and additional support at the 200-day MA of $63.88.

SmarTrend recommended that subscribers consider buying shares of Endurance Specialty on October 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.71. Since that recommendation, shares of Endurance Specialty have risen 19.7%. We continue to monitor ENH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst reflections endurance specialty

Ticker(s): ENH