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Fly News Breaks for June 6, 2016
RE
Jun 6, 2016 | 06:53 EDT
Deutsche Bank analyst Joshua Shanker says catastrophe activity in Q2, including earthquakes in Japan and Ecuador, a major hailstorm in Texas and a wildfire in Alberta, have left shares of Everest Re "particularly oversold." The stock often underperforms with the uncertainty of yet-to-be-disclosed catastrophe losses, Shanker tells investors in a research note. He lowered his price targe for Everest Re to $205 from $209 and keeps a Buy rating on the name.
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