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Fly News Breaks for October 10, 2018
RE
Oct 10, 2018 | 07:32 EDT
Citi analyst James Naklicki started Everest Re with a Neutral rating and $237 price target. The analyst expects Everest Re's stock to be strong over the next month, saying the 2018 U.S. Property Catastrophe reinsurance pricing of 5% this quarter will be positive for margins. As such, he opened a "Catalyst Watch Positive" on the stock ahead of the company's Q3 results. However, Naklicki sees a negative catalyst on January 1, as he expects U.S. Property Catastrophe Reinsurance pricing to fall 2%.
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