Keefe Bruyette lowered the firm’s price target on American Financial Group (AFG) to $134 from $136 and keeps a Market Perform rating on the shares. The firm expects constrained reserve releases and conservative casualty loss picks to pressure earnings and limit upside in the near-term, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFG:
- American Financial Earnings Call: Strong Year, Emerging Risks
- American Financial Group Announces Special Dividend After Strong Q4
- American Financial Group reports Q4 core EPS $3.65, consensus $3.32
- AFG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- American Financial Group initiated with an Overweight at Wells Fargo