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(RE) Everest Re Upgraded to Neutral
By: Stock Blog Hub
Posted on July 12, 2011 at 12:56 PM EDT
We are upgrading our recommendation on the shares of Everest Re Group Ltd. (RE) to Neutral from Underperform as we believe the company would benefit from the gradually improving reinsurance rates after heavy catastrophe losses (cat losses) that strained capital across the industry in the first half of the year. We expect meaningful rate increases, [...] (RE) Everest Re Upgraded to Neutral
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