RenaissanceRe price target raised to $300 from $290 at Morgan Stanley

Morgan Stanley raised the firm’s price target on RenaissanceRe (RNR) to $300 from $290 and keeps an Overweight rating on the shares. Although the P&C insurance sector faces known challenges, including softening pricing in property and more competition in personal auto, attractive valuations and strong casualty pricing partially offset this, says the analyst, who maintains an Attractive industry view heading into 2026.