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Fly News Breaks for November 15, 2016
RNR
Nov 15, 2016 | 07:21 EDT
Goldman analyst Michael Nannizzi upgraded RenaissanceRe to Neutral and raised its price target to $125 from $101. The analyst expects RenaissanceRe to benefit from its growth into specialty lines that require less capital reserves per unit of premium written, allowing it to shift aggressively towards capital deployment as it right-sizes its capital for the particular needs of its evolving business profile.
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