Morgan Stanley lowered the firm’s price target on W. R. Berkley (WRB) to $73 from $74 and keeps an Equal Weight rating on the shares. Based on the latest Q4 results, the firm updated its W. R. Berkley model by decreasing its net written premium forecasts to roughly 7% in 2027. The firm also lowered its 2026 and 2027 earnings per share estimates, noting that the risk/reward for the stock has been updated.
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