TD Cowen downgrades W. R. Berkley Corporation (WRB) to a Sell
TD Cowen analyst Andrew Kligerman downgraded W. R. Berkley Corporation to a Sell on January 16 and set a price target of $55.00. The company’s shares closed last Friday at $67.88.
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According to TipRanks, Kligerman is a 5-star analyst with an average return of 10.5% and a 64.46% success rate. Kligerman covers the Financial sector, focusing on stocks such as W. R. Berkley Corporation, Neptune Insurance Holdings, Inc. Class A, and Everest Group.
W. R. Berkley Corporation has an analyst consensus of Hold, with a price target consensus of $69.67, which is a 2.64% upside from current levels. In a report released on January 8, Barclays also maintained a Sell rating on the stock with a $64.00 price target.
Based on W. R. Berkley Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.77 billion and a net profit of $511.03 million. In comparison, last year the company earned a revenue of $3.4 billion and had a net profit of $365.63 million
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- TD downgrades W. R. Berkley to Sell on valuation, fundamentals
- W. R. Berkley downgraded to Sell from Hold at TD Cowen
- W. R. Berkley price target lowered to $76 from $78 at Cantor Fitzgerald
- W. R. Berkley price target raised to $69 from $67 at Mizuho
- W. R. Berkley price target raised to $68 from $66 at Wells Fargo
