Wolfe Research upgraded Everest Group (EG) to Peer Perform from Underperform without a price target The firm cites better visibility into the company’s reserve adequacy and the post-earnings share selloff the upgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EG:
- Everest Group’s Earnings Call: Strategic Moves Amid Challenges
- Everest Group Sells Insurance Rights to AIG
- Everest Group’s Strategic Shift to Reinsurance Warrants Hold Rating Amid Operational Cost Concerns
- Everest Group price target lowered to $425 from $430 at Barclays
- Everest Group Strengthens Reserves with New Agreements