American Financial Group price target raised to $131 from $125 at Citi

Citi analyst Charlie Lederer raised the firm’s price target on American Financial Group to $131 from $125 and keeps a Buy rating on the shares. The firm’s analysis suggests American Financial’s top line is likely to face some pressure in 2024 from the impact of lower crop prices on crop insurance premium rates, though it sees offsets from the company’s use of reinsurance and other growth areas.