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Morgan Stanley Sticks to Its Hold Rating for Everest Group (EG)

Tipranks - Tipranks - Tue Apr 7, 11:46AM CDT

Morgan Stanley analyst Bob Huang maintained a Hold rating on Everest Group today and set a price target of $330.00.

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According to TipRanks, Huang is an analyst with an average return of -6.7% and a 41.13% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Prudential Financial, and Voya Financial.

In addition to Morgan Stanley, Everest Group also received a Hold from TipRanks – xAI’s xAi Insurance – Reinsurance in a report issued on March 24. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Everest Group (NYSE: EG).

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Based on Everest Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.42 billion and a net profit of $446 million. In comparison, last year the company earned a revenue of $4.61 billion and had a GAAP net loss of $593 million

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