RLI Corp. price target lowered to $148 from $151 at RBC Capital

RBC Capital analyst Mark Dwelle lowered the firm’s price target on RLI Corp. to $148 from $151 and keeps a Sector Perform rating on the shares. Hawaiian wildfires dented Q3 results, but the company still managed to produce an underwriting profit, the analyst tells investors in a research note. RLI’s core underwriting margins remain healthy while its reserve releases are tracking favorably relative to peers, the fir madded.