UBS Sticks to Its Hold Rating for W. R. Berkley Corporation (WRB)
In a report released today, Brian Meredith from UBS maintained a Hold rating on W. R. Berkley Corporation, with a price target of $71.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Meredith is a 5-star analyst with an average return of 12.3% and a 76.75% success rate. Meredith covers the Financial sector, focusing on stocks such as Aon, Arthur J Gallagher & Co, and Brown & Brown.
In addition to UBS, W. R. Berkley Corporation also received a Hold from Morgan Stanley’s Bob Huang in a report issued on January 29. However, on January 28, Truist Financial maintained a Buy rating on W. R. Berkley Corporation (NYSE: WRB).
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
Read More on WRB:
Disclaimer & DisclosureReport an Issue
- W. R. Berkley price target lowered to $73 from $74 at Morgan Stanley
- W. R. Berkley Balances Record Earnings With Market Risks
- W. R. Berkley price target lowered to $80 from $84 at Truist
- W. R. Berkley price target lowered to $66 from $69 at BofA
- W. R. Berkley: Solid Underwriting but Slowing Growth and Limited Upside Justify Neutral (Hold) Rating
