Wells Fargo lowered the firm’s price target on W. R. Berkley (WRB) to $64 from $66 and keeps an Equal Weight rating on the shares following quarterly results. The firm believes shares should underperform the group on the still tempered growth in the quarter. Wells continues to be on the sidelines as stable margins and higher capital returns are counter-balanced by lower growth.
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Read More on WRB:
- W. R. Berkley price target raised to $64 from $62 at Barclays
- W. R. Berkley: Strong 1Q Beat and Capital Returns but Mixed Growth Limit Upside, Justifying Hold Rating
- W. R. Berkley reports Q1 operating EPS $1.30, consensus $1.14
- Is WRB a Buy, Before Earnings?
- W. R. Berkley price target lowered to $67 from $68 at BofA