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Fly News Breaks for December 6, 2017
NAVG
Dec 6, 2017 | 07:22 EDT
Keefe Bruyette analyst Christopher Campbell downgraded Navigators Group to Underperform after taking over coverage from Arash Soleimani. The analyst has a $45 price target for the shares, below Soleimani's previous target of $56. Campbell sees industry-wide general liability pricing headwinds driving underwriting margin deterioration. Navigators' higher reliance on net investment income to drive earnings implies limited upside over the next year, the analyst ads.
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