Heritage Insurance price target raised to $7 from $6 at JMP Securities

JMP Securities analyst Matthew Carletti raised the firm’s price target on Heritage Insurance to $7 from $6 and keeps an Outperform rating on the shares. The firm expects Q4 results to be highlighted by strong mark-to-market tailwinds on investment portfolios and low catastrophe loss activity that will positively impact reported EPS and book value for many, the analyst tells investors in a research note.