Deutsche Bank Downgrades W.R. Berkley (WRB) to 'Sell' Following Recent Rally

Deutsche Bank downgraded W.R. Berkley (NYSE: WRB) from Hold to Sell.

Deutsche analyst says, "W.R. Berkley is viewed as a key beneficiary of a cycle-turn in the P&C sector, though we are skeptical as to whether pricing is improving beyond trends in loss costs. Speculation regarding the potential for a cycle turn has driven shares of W.R. Berkley up 14% since Travelers' bullish October 19 commentary on the P&C rate environment, and we believe investors should take profits here."

For an analyst ratings summary and ratings history on W.R. Berkley click here. For more ratings news on W.R. Berkley click here.

Shares of W.R. Berkley closed at $34.21 yesterday.

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