Keefe, Bruyette & Woods Comments On XL Losses From Japanese Earthquake And Tsunami

According to Keefe, Bruyette & Woods, XL Group XL preannounced initial estimated losses from the Japanese earthquake and tsunami. Keefe, Bruyette & Woods reported that it is cutting EPS estimates to reflect this announcement, but raising our price target. “Maintain a Market Perform rating.” XL Group closed yesterday at $25.00.