Reinsurance Group price target raised to $223 from $208 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Reinsurance Group (RGA) to $223 from $208 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Insurance – Life/Annuity North America stocks under its coverage, the analyst tells investors. While Morgan Stanley is not concerned about life insurers’ exposure to private credit, the broader industry will likely feel pressure on their valuation.