W. R. Berkley price target lowered to $93 from $95 at Truist

Truist analyst Mark Hughes lowered the firm’s price target on W. R. Berkley to $93 from $95 and keeps a Buy rating on the shares after its Q1 earnings. The firm is reducing its FY24 EPS view by 20c on lower assumed net investment income as a result of its updated view of the core portfolio yield, the analyst tells investors in a research note.