Goldman Sachs analyst Alex Scott changed the rating on several insurance stocks, expecting a mixed insurance industry environment in 2024, with potentially improving book value compounding.
The analyst is more positive about life insurers as he sees improved capital positions, stronger cash flow, and the lagged benefits of higher long-term interest rates.
Seaport Research Partners analyst Michael J. Harrison downgraded a few chemical stocks ahead of their earnings release amid chemical industry's sluggish market fundamentals.