American Financial Group price target lowered to $125 from $126 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields lowered the firm’s price target on American Financial Group (AFG) to $125 from $126 and keeps a Market Perform rating on the shares. The firm expects limited reserve releases and high casualty loss picks to pressure earnings and limit upside in the near-term, the analyst tells investors in a research note.