Everest Group upgraded to Buy from Hold at Jefferies

Jefferies upgraded Everest Group (EG) to Buy from Hold with a price target of $415, up from $376. Tariffs are a “manageable earnings risk for the well-capitalized and defensive” property and casualty group, the analyst tells investors in a research note. At current share levels, Everest’s risk/reward looks favorable, even Jefferies models conservative growth and minor underlying margin improvement, the analyst tells investors in a research note. In a risk-off market, the firm sees Everest as attractive.