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Fly News Breaks for July 28, 2017
XL, RNR
Jul 28, 2017 | 05:42 EDT
JPMorgan analyst Sarah DeWitt downgraded RenaissanceRe (RNR) to Neutral and lowered his price target for the shares to $145 from $165. The company could be challenged to improve return-on-equity and looks fairly valued, DeWitt tells investors in a research note. She coupled the downgrade with an upgrade of XL Group (XL) to Overweight.
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