Verisk Analytics initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Verisk Analytics with an Equal Weight rating and $230 price target. The analyst says that while the company’s shift to pure-play insurance exposure is positive, the stock’s valuation is full at current levels. Verisk also faces potential looming property and casualty-related headwinds and longer-term disintermediation risk, the analyst tells investors in a research note.