After declining since the beginning of 2024, shares of Ambac Financial Group, Inc. (NYSE:AMBC) have risen by almost 10% over the past five trading sessions. The sale of Ambac Financial Group’s legacy financial guarantee business is expected to close by yearend, positioning the holding company for cash earnings “within a year or two,” according to Roth Capital Partners. Analyst Harry Fong upgraded the rating for Ambac Financial Group from Neutral to Buy, while raising the price target from $13 to $15. The Ambac Financial Group Thesis: Following the close of the financial guarantee business sale…
