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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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