Wells Fargo raised the firm’s price target on W. R. Berkley (WRB) to $68 from $66 and keeps an Equal Weight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.
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Read More on WRB:
- W. R. Berkley increases share repurchase authorization to 25M shares
- W. R. Berkley price target lowered to $64 from $73 at Barclays
- W. R. Berkley price target raised to $73 from $69 at Goldman Sachs
- W. R. Berkley downgraded to Underperform from In Line at Evercore ISI
- W. R. Berkley price target raised to $76 from $73 at Keefe Bruyette