BofA analyst Joshua Shanker raised the firm’s price target on W. R. Berkley to $84 from $80 and keeps a Buy rating on the shares. The Q1 earnings miss was due to weaker margins, but the firm is "unconcerned about sequential margin deterioration" and increased its EPS forecasts for FY24 and FY25 by 5.9% and 5.6%, respectively.
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Published first on TheFly
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