Evercore ISI downgraded W. R. Berkley (WRB) to Underperform from In Line with a price target of $69, down from $70. The firm sees 4% downside to the company’s consensus earnings estimates in 2026 and 2027. In addition, W. R. Berkley is an expensive stock relative to the peer group, the analyst tells investors in a research note. Evercore believes downward estimate revisions and worse sales growth will result in the stock de-rating.
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