UPDATE: Citigroup Lowers PT on Reinsurance Group of America Following Model Update
August 14, 2013 at 10:26 AM EDT
In a report published Wednesday, Citigroup analyst Erik J. Bass reiterated a Neutral rating on Reinsurance Group of America (NYSE: RGA ), but lowered the price target from $73.00 to $71.00. In the report, Citigroup noted, “We are lowering our target price on RGA due to 1) a lower 2Q14