Truist analyst Mark Hughes initiated coverage of Ambac Financial Group, Inc. (NYSE:AMBC) with a “Buy” rating and a price target of $10. The company’s P&C business saw a strong start to the year, with premium production up 70% to $318 million and revenue rising 27% to $63 million in Q1 2025. Ambac Financial Group extended the term of its stock purchase agreement related to the sale of its legacy financial guarantee businesses to December 31, 2025. Third Avenue Management released its Q4 2024 investor letter, mentioning their new position in Ambac Financial Group, Inc. (NYSE:AMBC).

Read more at Yahoo Finance: Truist Starts Coverage of Ambac Financial Group (AMBC) Stock with a Buy