BMO Capital Upgrades Everest Group (EG) to Outperform

BMO Capital analyst Michael Zaremski upgraded Everest Group (NYSE: EG) from Market Perform to Outperform with a price target of $453.00 (from $372.00).

The analyst comments "Our upgrade to Outperform is fairly straight forward, and we’ll find out how right or wrong we are in a matter of weeks because most of our thesis hinges on if EG’s new/ acting CEO + Board of Directors (which is led by a Chairman who was the former CEO and owns >$100 million of stock) is bold enough to take material near-term EPS pain."

For an analyst ratings summary and ratings history on Everest Group click here. For more ratings news on Everest Group click here.

Shares of Everest Group closed at $368.43 yesterday.

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