UPDATE: WR Berkley Downgraded by Deutsche Bank on Valuation

In a report released Thursday, Deutsche Bank analyst Joshua Shanker downgrades WR Berkley (NYSE: WRB ) from Hold to Sell, lowering price target from $42 to $36.50. The analyst comments, "We believe there are a number of headwinds/negative catalysts facing W.R. Berkley, which could act as triggers depressing the stock's