RLI Corp. price target raised to $136 from $123 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on RLI Corp. to $136 from $123 and keeps a Sector Perform rating on the shares. The company’s Q4 results were strong, showing healthy growth, improved margins and higher investment income, the analyst tells investors in a research note. Top line growth should reflect a favorable pricing environment and efforts to pass along rising reinsurance costs, the firm adds.