Markel price target raised to $1,600 from $1,400 at Truist

Truist raised the firm’s price target on Markel to $1,600 from $1,400 and keeps a Hold rating on the shares after its Q1 results. The firm is citing the company’s improved Insurance segment profitability as well as higher investment income, the analyst tells investors in a research note. Truist adds however that while Markel’s recent acquisitions should prove to be accretive in the long run, there may be some integration challenges along the way.