Reported 16 days ago
Evercore ISI has upgraded RenaissanceRe Holdings Ltd. (NYSE:RNR) from 'Underperform' to 'In Line', setting a price target of $244. The upgrade reflects the company's solid book value growth, although earnings forecasts are still below consensus. Despite a cautious outlook for the reinsurance sector, the analyst notes that RNR's current valuation is in line with historical levels from 2014-2015, suggesting limited downside risk.
Source: YAHOO