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.
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