W. R. Berkley price target raised to $68 from $64 at Truist

Truist analyst Mark Hughes raised the firm’s price target on W. R. Berkley to $68 from $64 and keeps a Buy rating on the shares after meeting with its management team. The company has expressed considerable optimism regarding the sustained growth opportunity in specialty P&C lines, particularly casualty and certain short-tail property, even though the firm is reducing its FY24 EPS view by 4c to $4.04 to reflect $20M in assumed foreign exchange losses in Q3, the analyst tells investors in a research note.