Barclays analyst Alex Scott raised the firm’s price target on Everest Group (EG) to $470 from $461 and keeps an Overweight rating on the shares post the Q4 report. The results were roughly in line with the pre-announced earnings last week, with the new piece of information being wildfire loss estimate of between $350M-$450M, which is better than anticipated, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EG:
- Everest Group reports Q4 operating EPS ($18.39), consensus ($17.42)
- EG Earnings this Week: How Will it Perform?
- Everest Group downgraded to Market Perform from Outperform at BMO Capital
- Everest Group price target raised to $490 from $480 at BofA
- Everest Group price target lowered to $461 from $499 at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue