Top Wall Street Forecasters Revamp W. R. Berkley Expectations Ahead Of Q3 Earnings

Core Viewpoint - W. R. Berkley Corporation is expected to report improved earnings and revenue for the third quarter compared to the previous year, indicating positive financial performance [1]. Earnings Expectations - The company is projected to report earnings of $1.10 per share for the third quarter, an increase from $0.93 per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $3.15 billion, up from $2.93 billion a year earlier [1]. Recent Performance - In the second quarter, W. R. Berkley posted mixed results, with shares closing at $74.05, reflecting a 0.5% gain [2]. Analyst Ratings - UBS analyst Brian Meredith maintained a Buy rating and increased the price target from $80 to $87 [4]. - Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $68 to $69 [4]. - Barclays analyst Alex Scott maintained an Underweight rating and boosted the price target from $62 to $66 [4]. - Keefe, Bruyette & Woods analyst Meyer Shields maintained a Market Perform rating and raised the price target from $65 to $75 [4]. - B of A Securities analyst Joshua Shanker downgraded the stock from Buy to Neutral while raising the price target from $73 to $74 [4].