Truist analyst Mark Hughes lowered the firm’s price target on W. R. Berkley (WRB) to $78 from $80 and keeps a Buy rating on the shares. The company’s earnings beat consensus but its written premiums slowed to 1% growth on increased competition, the analyst tells investors in a research note. Truist adds that the management also expressed confidence in their ability to exceed their 15% after-tax return on equity target for the foreseeable future.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 raised to $68 from $67 at BofA
- W. R. Berkley price target raised to $67 from $66 at Keefe Bruyette
- W. R. Berkley price target lowered to $64 from $66 at Wells Fargo
- 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