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RenaissanceRe initiated with a Market Perform at BMO Capital
The Fly

RenaissanceRe initiated with a Market Perform at BMO Capital

BMO Capital analyst Michael Zaremski initiated coverage of RenaissanceRe with a Market Perform rating and $187 price target. Zaremski struggles to justify RenaissanceRe’s price to tangible book value multiple given barriers to entry in the large-account marketplace are low, though he does appreciate its differentiated qualities, the analyst tells investors in a research note.

Published first on TheFly

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