W.R. Berkley Corporation's stock has been downgraded by BofA Securities. Analyst Joshua Shanker lowered the recommendation from Buy to Neutral. He raised the price target slightly but sees limited upside.
- Price forecast raised to $74 from $73.
- Current trading price: $70.16.
- High price-to-book ratio approaching historical peaks.
- Berkley has strong returns but faces industry-wide valuation concerns.
| Metrics | Value |
|---|---|
| Current Price | $70.16 |
| New Price Target | $74 |
| Previous Price Target | $73 |
