Goldman Sachs analyst Robert Cox upgraded W. R. Berkley (WRB) to Buy from Neutral with a $69 price target W. R. Berkley is earning pricing in excess of claim cost trend and will be able to continue to take advantage of a firm casualty pricing environment well into 2025, the analyst tells investors in a research note. The firm says strong pricing and improving paid-to-incurred loss ratios have eased its reserve caution.
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