B of A Securities Maintains Buy on RenaissanceRe Holdings, Lowers Price Target to $266
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Shanker maintains a Buy rating on RenaissanceRe Holdings (NYSE:RNR) but lowers the price target from $275 to $266.
August 21, 2023 | 1:07 pm
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NEUTRAL IMPACT
RenaissanceRe Holdings' price target has been lowered from $275 to $266 by B of A Securities, though the Buy rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Buy rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100