Barclays lowered the firm’s price target on Everest Group (EG) to $394 from $470 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”
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- Everest Group upgraded to Buy from Hold at Jefferies
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