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UPDATE: WR Berkley Downgraded by Deutsche Bank on Valuation

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Earnings Scheduled For February 3, 2015
Compass Point Lowers Price Target On W.R. Berkley On Energy Investments

In a report released Thursday, Deutsche Bank analyst Joshua Shanker downgrades WR Berkley (NYSE: WRB) from Hold to Sell, lowering price target from $42 to $36.50.

The analyst comments, "We believe there are a number of headwinds/negative catalysts facing W.R. Berkley, which could act as triggers depressing the stock's valuation. However, at the heart of this downgrade, Berkley stock simply seems expensive."

The report claims that WRB's reserves will not be enough to meet future loss payments. Company reports have yet to indicate any reserve deficiency but what they have reported is waning.

WRB closed Wednesday at $40.37 and is currently trading down at the $39.72 level.

Latest Ratings for WRB

DateFirmActionFromTo
Oct 2014Compass PointMaintainsNeutral
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Aug 2014Deutsche BankMaintainsSell

View More Analyst Ratings for WRB
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Joshua ShankerDowngrades Price Target Analyst Ratings

 

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