RBC Capital raised the firm’s price target on Verisk Analytics to $268 from $250 and keeps an Outperform rating on the shares ahead of its Q4 results. The company’s subscription OCC growth trends will continue to perform well in, while transactional revenue growth may continue to moderate in the quarter as it laps difficult comps, the analyst tells investors in a research note. RBC adds that Verisk remains the firm’s top defensive pick for 2024.
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