Barclays raised the firm’s price target on RenaissanceRe (RNR) to $273 from $256 and keeps an Equal Weight rating on the shares. The company reported a Q2 earnings beat on strong prior year development and higher underlying margins, the analyst tells investors in a research note.
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Read More on RNR:
- RenaissanceRe reports Q2 operating EPS $12.29, consensus $9.59
- RNR Upcoming Earnings Report: What to Expect?
- RenaissanceRe price target lowered to $280 from $285 at Morgan Stanley
- RenaissanceRe downgraded to Equal Weight from Overweight at Wells Fargo
- RenaissanceRe downgraded to Market Perform from Outperform at Keefe Bruyette