UBS Maintains a 'Buy' on RenaissanceRe Holdings (RNR); Improved

UBS maintains a 'Buy' on RenaissanceRe Holdings (NYSE: RNR) price target raised from $83 to $88.

Analyst, Brian Meredith, said, "1Q12 EPS of $2.98, above UBSe of $2.35 and consensus $2.48...Top line growth benefits from pricing and growth at Lloyds...Strong alternative investments, but weather&risk unit posts more losses...We are increasing our 2012E EPS to $9.00 (prior $8.22), primarily reflecting the 1Q12 earnings upside surprise."

For an analyst ratings summary and ratings history on RenaissanceRe Holdings click here. For more ratings news on RenaissanceRe Holdings click here.

Shares of RenaissanceRe Holdings closed at $77.97 yesterday.

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