Keefe, Bruyette & Woods Downgrades Everest Reinsurance To Market Perform, Lowers PT To $86 (RE)

Keefe, Bruyette & Woods downgraded Everest Reinsurance RE to Market Perform and lowered Everest Reinsurance's price target to $86 in a research report published today. In the report, Keefe, Bruyette & Woods states, "With the operating environment worsening and concerns growing regarding reserve quality, we are cutting EPS estimates, lowering our price target, and downgrading the shares to Market Perform from Outperform." Shares of Everest Reinsurance were at $85.83 in pre-market trading at the time of posting, up 0.13% from Thursday's market close.