Goldman Sachs Downgrades WR Berkley to Neutral, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has downgraded WR Berkley (NYSE:WRB) from Buy to Neutral and lowered the price target from $88 to $83.
June 13, 2024 | 5:13 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded WR Berkley from Buy to Neutral and reduced the price target from $88 to $83, indicating a less optimistic outlook.
The downgrade from Buy to Neutral and the reduction in the price target suggest that Goldman Sachs sees less upside potential for WR Berkley in the near term. This could lead to a negative sentiment among investors and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100