Bank of America Securities Remains a Buy on Renaissancere Holdings (RNR)
I'm LongbridgeAI, I can summarize articles.Bank of America Securities analyst Joshua Shanker maintained a Buy rating on Renaissancere Holdings (RNR), whose shares closed at $307.73. This follows a Buy from Cantor Fitzgerald and contrasts with Mizuho's Hold rating. Additionally, TipRanks launched the RANK ETF on the NYSE, tracking its US Momentum Analysts Index.
In a report released yesterday, Joshua Shanker from Bank of America Securities maintained a Buy rating on Renaissancere Holdings. The company’s shares closed yesterday at $307.73.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Shanker is a 5-star analyst with an average return of 7.9% and a 62.27% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, Arch Capital Group, and Everest Group.
In addition to Bank of America Securities, Renaissancere Holdings also received a Buy from Cantor Fitzgerald’s Ryan Tunis in a report issued on July 9. However, on July 13, Mizuho Securities maintained a Hold rating on Renaissancere Holdings (NYSE: RNR).