Morgan Stanley analyst Josh Baer initiated coverage of CCC Intelligent Solutions with an Equal Weight rating and $13 price target. While CCC Intelligent Solutions is “a market share leader” in Vertical Software within the P&C Insurance industry and its Established solutions, ramping Emerging solutions and AI positioning can help to sustain high-single-digit growth, the firm sees this growth as well as expanding margins being reflected in the share price.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CCCS:
- CCC Intelligent Solutions management to meet with Barrington
- CCC Intelligent Solutions 65M share Spot Secondary priced at $10.50
- CCC Intelligent Solutions 50M share Spot Secondary; price range $10.50-$11.50
- CCC Intelligent Solutions announces offering of 50M common shares for holders
- CCC Intelligent Solutions sees FY23 revenue $859M-$861M, consensus $853.68M
