RLI Corp. price target raised to $155 from $148 at RBC Capital

RBC Capital raised the firm’s price target on RLI Corp. to $155 from $148 and keeps a Sector Perform rating on the shares. The company produced good Q1 results with large reserve releases at the forefront, and the management sounded fairly constructive on rates and premium growth opportunities, albeit with some pockets more attractive than others, the analyst tells investors in a research note.