Morgan Stanley Maintains Equal-Weight on RenaissanceRe Holdings, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Equal-Weight rating on RenaissanceRe Holdings (NYSE:RNR) and raised the price target from $229 to $240.
October 11, 2023 | 2:45 pm
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Morgan Stanley has maintained an Equal-Weight rating on RenaissanceRe Holdings and raised the price target from $229 to $240. This could potentially lead to an increase in the stock's price.
The raised price target by Morgan Stanley indicates a positive outlook for RenaissanceRe Holdings. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
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IMPORTANCE 80
RELEVANCE 100