Joshua Shanker

Deutsche Bank remains on the sidelines on Willis Towers Watson PLC (NASDAQ: WLTW) as it believes there are no revenue synergies from the merger and suspects the company's 2018 EPS guidance of $10.10 "could be a stretch" despite meeting other goals. The company states that given...

Shares of American International Group Inc (NYSE: AIG) have appreciated 9.53 percent year-to-date, with a high of $64.54 on July 29. Deutsche Bank’s Joshua Shanker has maintained a Hold rating on the company, while lowering the price target from $64 to $62. Although activist...

In a report published Monday, Deutsche Bank analyst Joshua Shanker downgraded the rating on Progressive Corp (NYSE: PGR) to Sell, while raising the price target to $27, solely based on valuation. The stock is trading at a premium, despite uncertainty regarding the company's long-term business...

Deutsche Bank upgraded Willis Group Holdings PLC (NYSE: WSH) from Sell to Hold Wednesday and set a $40 price target. Analyst Joshua Shanker believed “Willis may be poised to break its multi-quarter streak of margin compression by posting margin expansion in excess of 100bps in 4Q14....

Deutsche Bank upgraded American International Group Inc (NYSE: AIG) from Hold to Buy and raised its price target from $59 to $60 in a report issued Monday. Analysts Joshua Shanker and Phil Stefano felt that while "too much of earnings stems from mark-to-market gains on derivative and...

In a report published Monday, Deutsche Bank analyst Joshua Shanker downgraded the rating on RenaissanceRe Holdings Ltd. (NYSE: RNR) from Hold to Sell, and lowered the price target from $100.00 to $96.00. In the report, Deutsche Bank noted, “Reinsurance pricing has been decidedly poor for two mid-...

In a report released Monday, Deutsche Bank analyst Joshua Shanker upgraded Arthur J. Gallagher & Co. (NYSE: AJG) from Hold to Buy, while increasing its price target from $50 to $53. Analysts at Deutsche Bank continue the firm's bullish sentiment on brokers due to secular shifts in...

In a report published Friday, Deutsche Bank analyst Joshua Shanker downgraded the rating on Montpelier Re (NYSE: MRH) from Buy to Hold, and lowered the price target from $38.00 to $31.00. In the report, Deutsche Bank noted, “We are downgrading the shares to Hold from Buy following disappointing...

In a report published Thursday, Deutsche Bank analyst Joshua Shanker reiterated a Hold rating on American International (NYSE: AIG), and raised the price target from $55.00 to $58.00. In the report, Deutsche Bank noted, “Our target price increase is due, in part, to rolling forward our year-ahead...

In a report released Thursday, Deutsche Bank analyst Joshua Shanker downgrades WR Berkley (NYSE: WRB) from Hold to Sell, lowering price target from $42 to $36.50. The analyst comments, "We believe there are a number of headwinds/negative catalysts facing W.R. Berkley, which could act as...

In a report published Monday, Deutsche Bank analyst Joshua Shanker initiated coverage on Montpelier Re Holdings Ltd. (NYSE: MRH) with a Buy rating and $37.50 price target. In the report, Deutsche Bank noted, “We are initiating coverage of Montpelier Re with a Buy and installing EPS estimates for...

In a report published Monday, Deutsche Bank analyst Joshua Shanker downgraded the rating on AXIS Capital Holdings Limited (NYSE: AXS) from Hold to Sell, and lowered the price target from $45.00 to $40.00. In the report, Deutsche Bank noted, “We are revising down our EPS estimates for 2014 and 2015...

In a report published Wednesday, Deutsche Bank analyst Joshua Shanker reiterated a Buy rating on CNA Financial Corp. (NYSE: CNA), and raised the price target from $42.00 to $44.00. In the report, Deutsche Bank noted, “CNA's result came ahead of our forecast of $0.79 and Street consensus of $0.76....

In a report published Friday, Deutsche Bank analyst Joshua Shanker reiterated a Sell rating on The Progressive Corporation (NYSE: PGR), and raised the price target from $21.00 to $22.00. In the report, Deutsche Bank noted, “Progressive reported September 2013 EPS of 10cts, albeit including -4cts...