Everest Group price target raised to $504 from $484 at BofA

BofA analyst Joshua Shanker raised the firm’s price target on Everest Group to $504 from $484 and keeps a Buy rating on the shares after management provided “positive” 2024-2026 guidance at the company’s investor day. The firm’s forward EPS forecasts rise after incorporating management guidance, says BofA, which notes it has taken “a conservative approach for catastrophes” by modelling a modestly higher-than-guided loss ratio impact.