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UPDATE: Keefe, Bruyette & Woods Upgrades Mercury General Corporation On Corrected Valuation

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In a report published Friday, Keefe, Bruyette & Woods analyst Vincent DeAugustino upgraded the rating on Mercury General Corporation (NYSE: MCY) from Underperform to Market Perform, and reiterated the $46.00 price target.

In the report, Keefe, Bruyette & Woods noted, “We're upgrading the shares of Mercury to Market Perform primarily since our expectations for underperformance have played out, and based on our unchanged $46 target price through our August 15th downgrade, there's now less than 5% expected downside, which is essentially offset by Mercury's dividend on a total return outlook basis.”

Mercury General Corporation closed on Thursday at $48.38.

Latest Ratings for MCY

DateFirmActionFromTo
Apr 2020Raymond JamesDowngradesMarket PerformUnderperform
Oct 2019Keefe, Bruyette & WoodsDowngradesOutperformMarket Perform
Feb 2016Raymond JamesUpgradesUnderperformMarket Perform

View More Analyst Ratings for MCY
View the Latest Analyst Ratings

 

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Posted-In: Bruyette & Woods Keefe Vincent DeAugustinoAnalyst Color Upgrades Analyst Ratings

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