W. R. Berkley price target raised to $52 from $50 at Barclays

Barclays raised the firm’s price target on W. R. Berkley (WRB) to $52 from $50 and keeps an Underweight rating on the shares post the Q4 report. The company’s catastrophe losses for the quarter come in lighter than anticipated and underlying loss and combined ratios were in line, driving an earnings beat, the analyst tells investors in a research note. However, W. R. Berkley’s growth is still “under punching” its long term targets, adds Barclays.