BUZZ-Street View: Analysts trim PT on Australia's QBE Insurance after weak outlook
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Australia's QBE Insurance has lowered its FY24 gross written premiums growth outlook to around 3%. As a result, at least 2 brokerages have lowered their price targets and earnings views for the company. Citi, Jefferies, and Morgan Stanley are among the brokerages that have made adjustments. Despite the challenges, QBE's underlying trends remain solid and the pathway to fixing its North American business is becoming clearer.
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