Cantor Fitzgerald analyst Ryan Tunis downgraded W. R. Berkley (WRB) to Neutral from Overweight with a price target of $71, down from $75, as part of a Q1 earnings preview. There is a “huge” excess and surplus component to W. R. Berkley’s business that will more evident as the company “struggles to grow in 2026,” the analyst tells investors in a research note. Cantor views this as a catalyst for a de-rating of the shares.
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Read More on WRB:
- W. R. Berkley downgraded to Neutral from Overweight at Cantor Fitzgerald
- W. R. Berkley price target lowered to $69 from $71 at UBS
- W. R. Berkley price target lowered to $62 from $64 at Barclays
- W. R. Berkley price target lowered to $72 from $73 at Morgan Stanley
- W. R. Berkley price target lowered to $66 from $74 at Keefe Bruyette