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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100