Evercore ISI Group Maintains Underperform on RenaissanceRe Holdings, Raises Price Target to $218
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Motemaden maintains an Underperform rating on RenaissanceRe Holdings (NYSE:RNR) and raises the price target from $216 to $218.

May 01, 2024 | 3:05 pm
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Evercore ISI Group maintains an Underperform rating on RenaissanceRe Holdings but raises the price target from $216 to $218.
The adjustment in price target by Evercore ISI Group suggests a slight improvement in the outlook for RenaissanceRe Holdings, despite maintaining an Underperform rating. This could indicate a nuanced view of the company's valuation, where the analyst sees some positive aspects but overall remains cautious. The impact on the stock price is likely neutral in the short term, as the rating remains unchanged and the price target increase is minimal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100