Ryan Specialty price target lowered to $83 from $88 at Barclays

Barclays analyst Alex Scott lowered the firm’s price target on Ryan Specialty (RYAN) to $83 from $88 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”