Jefferies Upgrades Reinsurance Gr to Buy, Raises Price Target to $189
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Suneet Kamath upgraded Reinsurance Group of America (NYSE:RGA) from Hold to Buy and increased the price target from $171 to $189.
December 11, 2023 | 12:45 pm
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Jefferies upgraded Reinsurance Group of America from Hold to Buy and raised the price target from $171 to $189, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or better future prospects for the company. The increase in price target further reinforces the positive sentiment.
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