Everest Re (RE) Tops Q1 EPS by 98c

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Go back to Everest Re (RE) Tops Q1 EPS by 98c

Everest Re Group (RE) PT Raised to $299 at Barclays Following 1Q

April 25, 2017 8:34 AM EDT

Barclays raised its price target on Everest Re Group (NYSE: RE) to $299.00 (from $269.00) while maintaining a Equalweight rating. Everest Re reported 1Q operating EPS of $6.29, above consensus, driven by solid underwriting results, strong investment income, and a lower tax rate.

Barclays raised 2017 and 2018 EPS estimates to $22.30 and $23.00 from $20.00 and $20.00.

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