Wunderlich Securities Reiterates Buy and PT of $10 on Maiden Holdings

Wunderlich Securities reiterated its Buy rating on Maiden Holdings (NYSE: MHLD). At the same time, it left its price target unchanged at $10 after a meeting with the company's senior management.

In a research report published today, Wunderlich states, "Over the next 12 months, we expect the success of MHLD's core Diversified Reinsurance Division and reinsurance relationship with American Capital Acquisition Corp. (ACAC) will increase the visibility of MHLD as a diversified reinsurer. We expect MHLD will be recognized for its experienced management team, efficient capital management, and careful market expansion, and not just as a successful reinsurer to AmTrust Financial Services (AFSI-$21.84, Buy). In addition, a restructuring of the company's expensive debt would create more positive "noise." We rate MHLD shares Buy with a $10 price target."

On Thursday, Maiden added 0.69% to end the day at $8.78.