RenaissanceRe (RNR) Rises More Than 2% After Rating Upgrade
By Daniel James Hayden IV
February 16, 2010 10:48 AM
February 16, 2010 10:48 AM
Posted in: Long Ideas, News, Analyst Color, Price Target, Markets, Analyst Ratings, Movers, Trading Ideas
Shares of RenaissanceRe Holdings Ltd. (NYSE: RNR) were up more than 2% in early trading after the company's shares were upgraded from Hold to Buy and the price target raised from $59 to $65 by analysts at Deutsche Bank (NYSE: DB).
It's the first upgrade the company has received in nearly a year, with two downgrades during the interim.
The stock's 52 week price range is $40.81 to $57.37.
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