RLI Corp. price target raised to $175 from $158 at Compass Point

Compass Point raised the firm’s price target on RLI Corp. to $175 from $158 and keeps a Buy rating on the shares post the Q1 report. While the company’s increased exposure to property risk will likely result in higher volatility of its earnings stream, the company has been experiencing hard market conditions and continued favorable reserve releases, the analyst tells investors in a research note.