Wunderlich Securities Puts Buy And $23 PT On AmTrust Financial Services (AFSI)

Wunderlich Securities put a Buy rating with $23 price target on AmTrust Financial Services (NASDAQ: AFSI) in a research report published today.

In the report, Wunderlich states, "As a result of the better-than-expected 1Q11 and improved outlook for top-line growth, we are raising our EPS estimates to $2.70 from $2.45 in 2011 and $3.00 from $2.70 in 2012. We rate AFSI shares Buy with a $23 price target."

In yesterday's trading, AmTrust's shares added 1.3% to their value to close the day at $19.52.