FLAGSTONE REINS (FSR) Upgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research upgraded shares of FLAGSTONE REINS (FSR) from UNDERPERFORM to NEUTRAL on May 10, 2012, with a target price of $8.20.

FLAGSTONE REINSURANCE HOLDING LTD is a Bermuda based global reinsurance company. Through their subsidiaries, they write primarily property, property catastrophe and short tail specialty and casualty reinsurance. They diversify their risks across business lines by risk zones, each of which combines a geographic zone with one or more types of peril.

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