Wells Fargo Maintains Overweight on RenaissanceRe Holdings, Lowers Price Target to $259
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on RenaissanceRe Holdings (NYSE:RNR) but lowers the price target from $260 to $259.
July 17, 2023 | 12:58 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on RenaissanceRe Holdings but lowers the price target from $260 to $259.
The news is directly about RenaissanceRe Holdings. The Overweight rating indicates that Wells Fargo expects the stock to outperform, which is positive. However, the slight decrease in the price target could be seen as a minor negative. Overall, the impact is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100