CCC Intelligent Solutions price target raised to $15 from $13 at Evercore ISI

Evercore ISI analyst Kirk Materne raised the firm’s price target on CCC Intelligent Solutions to $15 from $13 and keeps an Outperform rating on the shares. Recent meetings with CFO Brian Herb and VP of IR Bill Warmington “helped reinforce our positive long-term view on the company” and the firm believe there is a clear path to remaining above the 7%-10% long-term revenue growth guidance range in the near term given the continued strength in the business and optionality around some emerging products, the analyst tells investors.