RBC Capital analyst Ashish Sabadra keeps an Outperform rating and $250 price target on Verisk Analytics ahead of its Q3 results. The analyst sees the environmental tailwinds – including low attrition and consolidation in the industry, a high level of auto shopping activity driving transactional volume in the auto insurance business, and elevated levels of weather activity – as likely sustained in Q3. RBC also contends that Verisk should raise FY23 guidance again given its improved visibility.
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