Everest Re price target raised to $445 from $435 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Everest Re to $445 from $435 and keeps an Overweight rating on the shares. The firm notes shares outperformed the market post its call as the company reinforced its positive view on the market and pointed to it taking time for the 1/1 rate increases to earn in. This seemed to ease concerns about weaker-than-expected underlying margins, Wells says.