Assured Guaranty (AGO) shares plummeted 6.09% during intraday trading on Friday, reflecting significant negative sentiment in the market.
The sharp decline followed a downgrade by Roth Capital Partners, which lowered its rating on the stock to Neutral from Buy. Concurrently, the firm slashed its price target for Assured Guaranty to $80 from $110, representing a substantial reduction in its valuation outlook for the company.