Keefe, Bruyette & Woods Lowers Price Target On SeaBright $7.50

Loading...
Loading...
According to Keefe, Bruyette & Woods, SeaBright Holdings
SBX
missed on an $0.83/share after tax reserve charge driven by deteriorating medical severity and longer claim duration trends. KBW said that, “We're lowering our '11 and'12 EPS estimates and we're lowering our TP to $7.50. We are maintaining the MP rating.” SeaBright closed yesterday at $8.63.
Posted In: Analyst ColorPrice TargetAnalyst RatingsKeefe Bruyette & Woods
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...