UBS analyst Brian Meredith downgraded W. R. Berkley (WRB) to Neutral from Buy with an $87 price target The firm views the shares as fully valued given the company’s growth outlook. W. R. Berkley is entering a more competitive softening pricing environment and the shares are up 29% year-to-date, the analyst tells investors in a research note.
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Read More on WRB:
- W. R. Berkley price target lowered to $78 from $82 at Cantor Fitzgerald
- W. R. Berkley downgraded to Underperform from Market Perform at BMO Capital
- W.R. Berkley Reports Strong Q3 Earnings Amid Market Challenges
- W. R. Berkley price target raised to $84 from $80 at Truist
- W. R. Berkley price target lowered to $74 from $79 at BofA