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WRB

W. R. Berkley

$65.13

-1.63 (-2.44%)

07:28
06/27/19
06/27
07:28
06/27/19
07:28

W. R. Berkley downgraded to Sell from Hold at Deutsche Bank

Deutsche Bank analyst Joshua Shanker last night downgraded W. R. Berkley to Sell from Hold while raising his price target for the shares to $55 from $53. Investors are mistaking the appreciation in Property and Casualty insurance stocks as the "fruit of renewal rate pricing increases in the P&C market," Shanker tells investors in a research note. The analyst agrees that some lines of insurance have seen price increases, but broadly he believes the lines of business where it has occurred are those that are experiencing the most-material erosions in underwriting margin. He expects P&C insurers will see consensus earnings forecasts trimmed on a lower interest-rate outlook with "increased pricing merely offsetting higher losses."

  • 23

    Jul

WRB W. R. Berkley
$65.13

-1.63 (-2.44%)

02/27/19
02/27/19
UPGRADE
Target $88

Outperform
W. R. Berkley upgraded to Outperform on portfolio remixing at Credit Suisse
As previously reported, Credit Suisse analyst Michael Zaremsk upgraded W. R. Berkley to Outperform from Neutral due to his expectation of profit margin improvement over 2019/2020 in both the insurance and reinsurance segments, in addition to continued improvement in the expense ratio as growth in net premium written is earned through the income statement. The analyst also raised his price target on the shares to $88 from $77.50.
02/27/19
02/27/19
UPGRADE

Fly Intel: Top analyst upgrades
Catch up on today's top analyst upgrades with this list compiled by The Fly: 1. Philip Morris (PM) upgraded to Buy from Neutral at UBS with analyst Robert Rampton saying the company's valuation hinges on its heated tobacco proposition, iQOS. 2. Boise Cascade (BCC) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover saying that with the "irrational exuberance" having been shaken out of the stock, now is an "attractive entry point." 3. AptarGroup (ATR) upgraded to Outperform from Neutral at Baird. 4. W. R. Berkley (WRB) upgraded to Outperform from Neutral at Credit Suisse, while Cincinnati Financial (CINF) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/19
RBCM
04/24/19
NO CHANGE
Target $60
RBCM
Sector Perform
W. R. Berkley price target raised to $60 from $52 at RBC Capital
RBC Capital analyst Mark Dwelle raised his price target on W. R. Berkley to $60 after its "good" Q1 results and favorable management commentary on pricing power. The analyst notes that investments in the quarter lagged but should rebound in Q2 based on the "timing on investment fund results." Dwelle states however that despite the "encouraging" pricing outlook, the "benefits" will not be felt until later this year, keeping his Sector Perform rating on W.R. Berkley stock based on its "fairly full" valuation.
06/26/19
DBAB
06/26/19
DOWNGRADE
DBAB
Sell
W. R. Berkley downgraded to Sell from Hold at Deutsche Bank

TODAY'S FREE FLY STORIES

ASOMY

Asos

$0.00

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KLAC

KLA-Tencor

$131.95

-1.5 (-1.12%)

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LRCX

Lam Research

$198.43

0.19 (0.10%)

21:07
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Lam Research rating change at Goldman Sachs »

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MRVL

Marvell

$25.90

-0.48 (-1.82%)

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Marvell rating change at Goldman Sachs »

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AMAT

Applied Materials

$47.79

-0.38 (-0.79%)

21:05
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Applied Materials rating change at Goldman Sachs »

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MU

Micron

$45.51

0.85 (1.90%)

21:04
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21:04
Upgrade
Goldman Sachs more positive on memory stocks, upgrades Micron to Buy »

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

20:49
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Keysight Technologies rating change at Goldman Sachs »

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

, TGT

Target

$88.02

-0.48 (-0.54%)

19:30
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19:30
Hot Stocks
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BYND

Beyond Meat

$176.65

6.28 (3.69%)

TGT

Target

$88.02

-0.48 (-0.54%)

DIS

Disney

$139.86

-1.76 (-1.24%)

NFLX

Netflix

$315.10

-10.04 (-3.09%)

T

AT&T

$32.77

-0.32 (-0.97%)

CBS

CBS

$50.68

-0.66 (-1.29%)

FDX

FedEx

$167.08

1.69 (1.02%)

EFX

Equifax

$137.29

-2 (-1.44%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

V

Visa

$179.18

-1.34 (-0.74%)

PYPL

PayPal

$118.65

-1.22 (-1.02%)

03/08/13
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03/06/13
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03/06/13
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    Aug

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    Oct

  • 13

    Nov

T

AT&T

$32.77

-0.32 (-0.97%)

, CMCSA

Comcast

$44.06

-0.5 (-1.12%)

18:23
07/21/19
07/21
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On The Fly
Box Office Battle: 'The Lion King' roars to number 1 in $185M U.S. debut »

"Box Office Battle" is…

T

AT&T

$32.77

-0.32 (-0.97%)

CMCSA

Comcast

$44.06

-0.5 (-1.12%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$53.68

-0.275 (-0.51%)

LGF.A

Lionsgate

$11.94

0.36 (3.11%)

DIS

Disney

$139.86

-1.76 (-1.24%)

VIAB

Viacom

$30.48

-0.11 (-0.36%)

VIA

Viacom

$35.24

0.24 (0.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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    Jul

  • 06

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    Aug

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    Aug

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    Aug

  • 08

    Aug

EFX

Equifax

$137.29

-2 (-1.44%)

17:23
07/21/19
07/21
17:23
07/21/19
17:23
Periodicals
Equifax agrees to pay $700M after massive data breach, WSJ reports »

Equifax is nearing a deal…

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03/06/13
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  • 03

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  • 06

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  • 12

    Aug

  • 13

    Nov

CBS

CBS

$50.68

-0.66 (-1.29%)

, T

AT&T

$32.77

-0.32 (-0.97%)

17:17
07/21/19
07/21
17:17
07/21/19
17:17
Periodicals
AT&T drops CBS channels from cable systems, Reuters reports »

CBS (CBS) and AT&T…

CBS

CBS

$50.68

-0.66 (-1.29%)

T

AT&T

$32.77

-0.32 (-0.97%)

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  • 08

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NFLX

Netflix

$315.10

-10.04 (-3.09%)

17:11
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17:11
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Netflix signs first direct agreement with SAG-AFTRA, Bloomberg reports »

Netflix and the Screen…

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  • 03

    Aug

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

17:08
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MRKR

Marker Therapeutics

$6.28

-2.4 (-27.65%)

16:46
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  • 22

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  • 09

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RDY

Dr. Reddy's

$37.73

-0.6 (-1.57%)

16:41
07/21/19
07/21
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16:41
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  • 29

    Jul

KLAC

KLA-Tencor

$131.95

-1.5 (-1.12%)

16:37
07/21/19
07/21
16:37
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16:37
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KLA-Tencor rating change at Goldman Sachs »

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03/08/13
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  • 05

    Aug

LRCX

Lam Research

$198.43

0.19 (0.10%)

16:33
07/21/19
07/21
16:33
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16:33
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Lam Research rating change at Goldman Sachs »

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03/08/13
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03/08/13
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  • 31

    Jul

MRVL

Marvell

$25.90

-0.48 (-1.82%)

16:30
07/21/19
07/21
16:30
07/21/19
16:30
Downgrade
Marvell rating change at Goldman Sachs »

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

16:29
07/21/19
07/21
16:29
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16:29
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Keysight Technologies rating change at Goldman Sachs »

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MU

Micron

$45.51

0.85 (1.90%)

16:26
07/21/19
07/21
16:26
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16:26
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Micron rating change at Goldman Sachs »

Micron upgraded to Buy…

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TCEHY

Tencent

$0.00

(0.00%)

, MDLA

Medallia

$37.09

(0.00%)

07:31
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On The Fly
Opening Day: Start-up DouYou becomes China's biggest Wall Street IPO of 2019 »

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TCEHY

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$0.00

(0.00%)

MDLA

Medallia

$37.09

(0.00%)

MIRM

Mirum Pharmaceuticals

$13.51

0.17 (1.27%)

FULC

Fulcrum Therapeutics

$12.49

-0.99 (-7.34%)

PHR

Phreesia

$24.01

-1.15 (-4.57%)

GMAB

Genmab

$18.06

-0.14 (-0.77%)

AMK

AssetMark Financial

$27.71

0.39 (1.43%)

ORCC

Owl Rock

$15.51

0.11 (0.71%)

DOYU

DouYu

$10.50

-0.51 (-4.63%)

NOVA

Sunnova Energy

$0.00

(0.00%)

CSTL

Castle Biosciences

$0.00

(0.00%)

WSG

Wanda Sports

$0.00

(0.00%)

LVGO

Livongo Health

$0.00

(0.00%)

HCAT

Health Catalyst

$0.00

(0.00%)

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

03/08/13
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03/06/13
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  • 22

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    Jul

PYPL

PayPal

$118.65

-1.22 (-1.02%)

, V

Visa

$179.18

-1.34 (-0.74%)

08:31
07/20/19
07/20
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08:31
Periodicals
MasterCard, Visa among best stocks to play fintech boom, Barron's says »

The fintech units within…

PYPL

PayPal

$118.65

-1.22 (-1.02%)

V

Visa

$179.18

-1.34 (-0.74%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

03/08/13
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  • 23

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USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

, SBNY

Signature Bank

$123.87

1.07 (0.87%)

08:28
07/20/19
07/20
08:28
07/20/19
08:28
Periodicals
KeyCorp, U.S. Bancorp better positioned for Fed rate cut, Barron's says »

KeyCorp (KEY), Signature…

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

03/08/13
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03/06/13
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03/06/13
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  • 23

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CMG

Chipotle

$746.80

-17.43 (-2.28%)

08:24
07/20/19
07/20
08:24
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08:24
Periodicals
Chipotle stock made 'stunning' comeback, Barron's says »

Chipotle's stock is…

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  • 23

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

07:40
07/20/19
07/20
07:40
07/20/19
07:40
Periodicals
Beyond Meat could spike after earnings, Barron's says »

After rising so…

03/08/13
Wedge Partners
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03/06/13
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  • 29

    Jul

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