BofA analyst Heather Balsky raised the firm’s price target on Verisk Analytics to $275 from $267 and keeps a Buy rating on the shares, citing a higher EPS forecast and a slightly higher multiple after refining the firm’s model. Pricing is a multi-year tailwind for Verisk’s Core Lines segment, while Core Lines has an opportunity to accelerate sales via its modernization strategy, which should merit a price increase step-up, the analyst tells investors.
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>>
See the top stocks recommended by analysts >>
Read More on VRSK:
- Verisk to Announce Fiscal Third-Quarter 2023 Results on November 1, 2023
- Verisk Analytics’ ISO Businessowners program adds 160 new classifications
- Verisk’s ISO Businessowners Program Adds Nearly 160 New Classifications to Help Insurers Keep Pace with Evolving Risks
- Royalty Pharma appoints Schneider as Chief Technology Officer
- Etsy upgraded, RTX downgraded to Sell: Wall Street’s top analyst calls