American Coastal price target raised to $16 from $15 at Raymond James

Raymond James raised the firm’s price target on American Coastal (ACIC) to $16 from $15 and keeps an Outperform rating on the shares. The firm expects American Coastal to generate 20%+ operating Core Income After-Tax Return on Equity through 2026, partially offset by potential earnings volatility from hurricane-related risks, the analyst tells investors in a research note.