Piper Sandler analyst John Barnidge raised the firm’s price target on Reinsurance Group (RGA) to $230 from $220 and keeps an Overweight rating on the shares. The firm is generally above consensus across the board in lifecoland. The drop in rates has been more gradual than has otherwise been expected, which has been constructive for broader capital markets activity too. This likely causes some tailwind to fee and spread earnings in its coverage, Piper adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGA:
- Reinsurance Group price target raised to $208 from $195 at Morgan Stanley
- Reinsurance Group Announces CIO Retirement
- RGA Reports Record EPS Amid Strategic Growth
- Reinsurance Group price target lowered to $240 from $255 at Keefe Bruyette
- Reinsurance Group of America Faces Integration Challenges Post-Transaction