Wells Fargo Keeps Underweight Ratings on Three Insurers
Wells Fargo maintained Underweight ratings on Prudential Financial, RLI Corp and WR Berkley, while cutting WRB’s target to $65.
- published
- in the api
- on the website
- updated
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
According to Benzinga, on October 12, 2026, Wells Fargo maintained its Underweight rating on Prudential Financial (PRU) and RLI Corp (RLI). The actions reflect the bank’s continued cautious assessment of the two insurers’ shares.
Wells Fargo also kept WR Berkley (WRB) at Underweight while reducing its price target to $65.00 per share from $68.00. The information was published in Benzinga’s analyst-actions sections for the relevant stocks.
why it matters
The decisions cover several insurance companies and may be considered by the market when assessing analysts’ views on their shares. For WR Berkley, the separate target-price change moves the stated level from $68.00 to $65.00 per share.
instruments
sources
- Prudential Financial Is Maintained at Underweight by Wells Fargo — Newsmetry API, 12 October 2026 at 15:05 UTC
- RLI Corp Is Maintained at Underweight by Wells Fargo — Newsmetry API, 12 October 2026 at 15:13 UTC
- WR Berkley Is Maintained at Underweight by Wells Fargo — Newsmetry API, 12 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗