W. R. Berkley price target lowered to $78 from $82 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on W. R. Berkley (WRB) to $78 from $82 and keeps an Overweight rating on the shares. While this week’s results are unlikely to change sentiment with the market clearly in transition, results have been good enough to suggest that the sell-off late last week was overdone, the analyst tells investors in a research note.