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Significant decline in NYSE common stock price since our previous update report
NYSE HOLD Endurance Specialty Holdings Ltd.’s (Endurance) NYSE common stock price has witnessed a significant
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decline since to theupdate
our previous fullreport,
report free investor
reflecting of charge at regarding broad-based weakness
concerns
Common in the global financial markets and its impact on the insurance and reinsurance industry coupled with
http://www.iirgroup.com/researchoracle/viewreport/show/20280
increasing competition and softening premium rates, and following weaker-than-expected 1Q 08
Stock results. In view of this, we are likely to revise our estimates and target price downwards in our next
Ticker: ENH update report. Therefore, we maintain our current HOLD rating for the NYSE common stock even
Target price: US$40.42 though the current price suggests a BUY.
Current price: US$28.95
Price change We will reassess our common stock rating for Endurance in our next full update report.
(22.9%)
since last report:
European HOLD Although the current target price suggests a BUY rating, we maintain our current HOLD rating for the
European stock based on our fundamental outlook, and intend to reduce our target price in our next
Stock1 full update report. We no longer expect a significant currency impact on the European common stock
Ticker: ENH.F over our investment horizon.
Target price: €29.72
Current price: €18.98
Price change
(22.3%) We will reassess the European stock rating for Endurance in our next full update report.
since last report:
Footnotes
1The European stock has had a low average daily trading volume of less than US$1 mn over the last 12 months.
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