RenaissanceRe price target lowered to $294 from $318 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on RenaissanceRe (RNR) to $294 from $318 and keeps an Outperform rating on the shares. The still-favorable reinsurance market conditions implies solid expected underwriting results over the next 12-24 months, the analyst tells investors in a research note.