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W. R. Berkley price target raised to $71 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on W. R. Berkley (WRB) to $71 from $70 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/VII/capital for life companies.

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