Morgan Stanley Initiates Coverage On RenaissanceRe Holdings with Equal-Weight Rating, Announces Price Target of $222
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Michael Phillips initiates coverage on RenaissanceRe Holdings (NYSE:RNR) with an Equal-Weight rating and announces a price target of $222.
June 20, 2023 | 11:10 am
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Morgan Stanley initiates coverage on RenaissanceRe Holdings with an Equal-Weight rating and a price target of $222.
Morgan Stanley's initiation of coverage on RenaissanceRe Holdings with an Equal-Weight rating suggests a neutral outlook for the stock in the short term. The price target of $222 indicates the analyst's expectation of the stock's fair value. This news is directly related to RNR and is important for investors, but the neutral rating suggests no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100