Goldman Sachs Starts PartnerRe (PRE) at Neutral, Overhang Remains
Tweet
Share
E-mailGet Alerts PRE Hot Sheet
Price: $20.20 +12.41%
Rating Summary:
4 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
4 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Goldman Sachs initiates coverage on PartnerRe (NYSE: PRE) with a Neutral rating and $72 price target.
While the firm is positive on Prop-CAT, they said the overhang on PRE from a tough 2011 remains. Goldman cites the new CEO and the acquisition of PARIS RE created a risk concentration that the Japan quake exposed.
For an analyst ratings summary and ratings history on PartnerRe click here. For more ratings news on PartnerRe click here.
Shares of PartnerRe closed at $63.89 yesterday.
While the firm is positive on Prop-CAT, they said the overhang on PRE from a tough 2011 remains. Goldman cites the new CEO and the acquisition of PARIS RE created a risk concentration that the Japan quake exposed.
For an analyst ratings summary and ratings history on PartnerRe click here. For more ratings news on PartnerRe click here.
Shares of PartnerRe closed at $63.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Prenetics’ IM8 Announces Two-Time Golden Globe-Nominated Actress and Producer Lily Collins as IM8 Global Ambassador and Shareholder in Multi-Year Partnership
- Keefe, Bruyette & Woods Resumes Bank of Nova Scotia (BNS:CN) (BNS) at Outperform
- Prenetics Global (PRE) Tops Q2 EPS by 18c
Create E-mail Alert Related Categories
New CoverageRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
