Market Overview

UPDATE: Morgan Stanley Upgrades Everest Re Group

Morgan Stanley upgrades Everest Re Group (NYSE: RE) to Overweight on business mix, excess capital and market valuation.

Morgan Stanley notes, "Broadening YoY improvement in pricing power proves soft market has ended and should trend higher in 2012+; however, a hard market remains elusive."

RE closed at $89.17 a share yesterday.

Posted-In: Morgan StanleyAnalyst Color Upgrades Price Target Pre-Market Outlook Analyst Ratings

 

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