BofA analyst Joshua Shanker raised the firm’s price target on W. R. Berkley (WRB) to $76 from $73 and keeps a Buy rating on the shares after Q3 results. The firm’s price target rises due to multiple expansion as the analyst notes that Berkley has “traditionally enjoyed a sizable premium to peer multiple valuation likely due to its long-term compounding of equity in excess of other best-in-class peers.”
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Read More on WRB:
- W. R. Berkley price target raised to $68 from $63 at Wells Fargo
- W. R. Berkley reports Q3 operating EPS 93c, consensus 92c
- WRB Earnings this Week: How Will it Perform?
- W. R. Berkley price target raised to $68 from $64 at Truist
- W. R. Berkley price target raised to $73 from $65 at BofA
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