Truist lowered the firm’s price target on W. R. Berkley (WRB) to $80 from $84 to reflect pressure on valuations in the P&C space, while keeping a Buy rating on the shares. The firm is reducing its full-year 2026 EPS estimate to $4.65 from $4.80 based on marginal changes to topline growth and investment income. Truist has also removed 50 bps of assumed favorable development in the Insurance segment and has established a 2027 forecast of $4.95 per share.
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