Barclays analyst Alex Scott raised the firm’s price target on Everest Group (EG) to $470 from $461 and keeps an Overweight rating on the shares post the Q4 report. The results were roughly in line with the pre-announced earnings last week, with the new piece of information being wildfire loss estimate of between $350M-$450M, which is better than anticipated, the analyst tells investors in a research note.
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Read More on EG:
- Everest Group reports Q4 operating EPS ($18.39), consensus ($17.42)
- EG Earnings this Week: How Will it Perform?
- Everest Group downgraded to Market Perform from Outperform at BMO Capital
- Everest Group price target raised to $490 from $480 at BofA
- Everest Group price target lowered to $461 from $499 at Barclays