Montpelier Re downgraded to Hold from Buy at Deutsche Bank Deutsche Bank downgraded Montpelier Re to Hold citing the company's disappointing Q2 results and material pricing pressure. The firm lowered its price target for shares to $31 from $38.
Montpelier Re hires Credit Suisse to pursue sale, Insurance Insider says The board of Montpelier Re has appointed Credit Suisse to advise on its strategic options and put the company up for sale, according to The Insurance Insider, citing sources. Montpelier Re shares are up 8% to $36.40 following the report. Reference Link