Truist analyst Andrew Jeffrey raised the firm’s price target on Verisk Analytics (VRSK) to $275 from $270 and keeps a Buy rating on the shares as part of a broader research note on Information Services. Verisk and CoStar (CSGP) are among the best names in that universe, and the stocks will benefit from secular demand drivers and ambitious new total addressable market penetration, the analyst tells investors in a research note. Verisk will also help underwriters grapple with climate change-driven losses and uncertainty, the firm adds, forecasting accelerating near-term organic revenue growth and long-term operating leverage.
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