Reinsurance Group of America rises, Jefferies upgrades to 'buy'

Reinsurance of America, Incorporated

11/12/2023 15:34

** Shares of Reinsurance Group of America  RGA.N  rise 2.9%
to $168.37
    ** Jefferies upgrades the life and health reinsurance firm's
rating to "buy" from "hold"; raises PT to $189 from $171
    ** Brokerage says upgrade reflects expectations for strong
revenue, profit and growth opportunities in Asia
    ** 11 of 13 brokerages rate the stock "buy" or higher, two
"hold"; their median PT is $177 - LSEG
    ** Up to last close, stock up 15.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))