UPDATE: Raymond James Upgrades Reinsurance Group Of America Following Investor Day
In a report published Thursday, Raymond James analyst Steven D. Schwartz upgraded the rating on Reinsurance Group of America (NYSE: RGA) from Market Perform to Outperform, and named an $86.00 price target.
In the report, Raymond James noted, “Following an upbeat 2014 investor day, we are raising our rating on RGA shares to Outperform from Market Perform. Our rating reflects both undervaluation relative to our new $86 price target and the company's positive growth prospects overseas and in non-traditional insurance markets.”
Reinsurance Group of America closed on Wednesday at $76.65.
Latest Ratings for RGA
|Apr 2015||Keefe Bruyette & Woods||Maintains||Market Perform|
|Apr 2015||Raymond James||Downgrades||Outperform||Market Perform|
|Feb 2015||Keefe Bruyette & Woods||Maintains||Market Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.