Goldman Sachs analyst Robert Cox upgraded W. R. Berkley (WRB) to Buy from Neutral with a $69 price target W. R. Berkley is earning pricing in excess of claim cost trend and will be able to continue to take advantage of a firm casualty pricing environment well into 2025, the analyst tells investors in a research note. The firm says strong pricing and improving paid-to-incurred loss ratios have eased its reserve caution.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WRB:
- W. R. Berkley price target raised to $62 from $60 at Argus
- W. R. Berkley price target raised to $63 from $57 at RBC Capital
- W. R. Berkley price target raised to $60 from $57 at Evercore ISI
- W. R. Berkley price target raised to $76 from $73 at BofA
- W. R. Berkley price target raised to $68 from $63 at Wells Fargo