Wells Fargo Maintains Overweight on RenaissanceRe Holdings, Raises Price Target to $314
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has maintained an Overweight rating on RenaissanceRe Holdings and increased the price target from $280 to $314.
October 10, 2024 | 3:20 pm
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Wells Fargo has reaffirmed its Overweight rating on RenaissanceRe Holdings and increased the price target from $280 to $314, indicating a positive outlook.
The increase in the price target from $280 to $314 by Wells Fargo suggests a positive outlook for RenaissanceRe Holdings. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100