BMO Capital upgraded W. R. Berkley (WRB) to Market Perform from Underperform with a price target of $68, up from $64. The firm says the Mitsui stake “has played out” after reaching 15% ownership. In addition, W. R. Berkley’s 2027 consensus earnings estimates have fallen 6% since last October, the analyst tells investors in a research note. BMO now longer sees near-term negative catalysts for the shares.
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