Compass Point raised the firm’s price target on RLI Corp. (RLI) to $185 from $170 and keeps a Buy rating on the shares after RLI produced a “solid” combined ratio of 89.6% despite the impact of multiple hurricanes during Q3 and reported operating EPS of $1.31 that were enhanced by reserve releases and “excellent expense control.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RLI: