Everest Re price target raised to $415 from $385 at Raymond James

Raymond James analyst Gregory Peters raised the firm’s price target on Everest Re to $415 from $385 and keeps an Outperform rating on the shares post the Q4 results. The analyst sees the company’s underwriting results benefiting from the reinsurance hard market, favorable pricing trends in the insurance segment, and increasing net interest income from rising yields in 2023 and 2024. Successful January renewals position Everest Re to report improving results, the analyst tells investors in a research note.