Evercore ISI Group Initiates Coverage On RenaissanceRe Holdings with Underperform Rating, Announces Price Target of $200
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Motemaden has initiated coverage on RenaissanceRe Holdings (NYSE:RNR) with an Underperform rating and set a price target of $200.
December 14, 2023 | 12:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Evercore ISI Group initiated coverage on RenaissanceRe Holdings with an Underperform rating and a price target of $200.
The initiation of coverage by Evercore ISI Group with an Underperform rating suggests that the analyst believes RNR will perform worse than the market or its sector. This negative outlook, combined with a specific price target, can influence investor sentiment and potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100