Validus Holdings (VR) Upgraded by Stifel Nicolaus

Validus Holdings (VR) stock was upgraded today by Stifel Nicolaus from a former Hold rating to a Buy rating.  The price target that Stifel Nicolaus has on the company is set to $40 dollars noting the company is positioned to take advantage of improving market conditions.

Shares of VR are currently trading above its 50 & 200 day moving averages with resistance located at the $33.62 price level.  VR is currently trading with a yearly gain overall for 2011.  Recent earnings for the company were down $1.71 per share.  VR has a market cap of about $3,194,000,000 and 98,289,000 shares outstanding.

Validus Holdings, Ltd. (VR) was incorporated under the laws of Bermuda on October 19, 2005.  The company seeks to be established as a leader in the global insurance and reinsurance markets.  Their principal operating objective is to use capital efficiently by underwriting primarily short-tail insurance and reinsurance contracts with superior risk and return characteristics.

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