RBC Capital Maintains Outperform Rating for Reinsurance Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Reinsurance Group of America Inc (NYSE:RGA) and increased its price target from $170.00 to $185.00. The shares of RGA have seen a 0.55% increase over the last 24 hours, trading at $167.96. The new price target suggests a potential 10.15% increase from the current share price. Reinsurance Group of America operates globally, offering a range of reinsurance and financial solutions.
February 05, 2024 | 5:00 pm
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RBC Capital maintains Outperform rating for RGA, raising price target from $170 to $185. Shares currently at $167.96, indicating a potential 10.15% increase.
The maintenance of an Outperform rating and the increase in price target by RBC Capital are strong positive signals for RGA. Given the company's global operations and diverse range of reinsurance and financial solutions, the analyst's updated price target reflects confidence in RGA's growth potential. The recent 0.55% increase in share price further supports the positive outlook. However, as analyst ratings are subject to human error, investors should consider this in their decision-making process.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100