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Fly News Breaks for November 3, 2019
UVE
Nov 3, 2019 | 17:44 EDT
Keefe Bruyette analyst Christopher Campbell downgraded Universal Insurance to Underperform from Market Perform with a price target of $27, down from $30. The analyst expects a "sizable" near-term reserve charge in Q4 and believes the company's "weak" reserves will weigh on its valuation. He lowered his estimates following Universal Insurance's Q3 earnings call.
News For UVE From the Last 2 Days
