Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of credit protection specialist Assured Guaranty
So what: Analyst firm BTIG started coverage on Assured with a buy rating and a $35 price target. The firm is looking for more than a triple here, based on "the viability of its business model" being underappreciated by investors today.
Now what: The same firm also issued a similarly glowing recommendation of sector rival MBIA
But is this the bottom, or will BTIG catch a couple of falling knives? If anybody claims to know the answer right now, that person also has a nice bridge to sell you in New York. Playing this sector long or short could be bad for your portfolio's health, though volatility-seeking strategies should work out all right.
Interested in more info about Assured Guaranty? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.