Price target boost for Loeb's Third Point

It's another big day for Dan Loeb's Third Point Re (TPRE +2.1%) after Credit Suisse boosts its price target to $16 from $15. The stock's ahead by nearly a third since its August IPO and now sports a 1.38x price to book ratio.

For comparison purposes, David Einhorn's Greenlight Capital Re (GLRE +1.4%) - also after a big run in the stock - sports a 1.31x price to book ratio.

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Comments (1)
  • StopPrintinMoney
    , contributor
    Comments (305) | Send Message
    Both are VERY long holds. Boost to $16 doesn't mean anything IMO
    27 Nov 2013, 09:59 AM Reply Like
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