Raymond James analyst C. Gregory Peters raised the firm’s price target on American Integrity Insurance (AII) to $24 from $22 and keeps an Outperform rating on the shares. American Integrity Insurance could be favorably positioned during hurricane season due to superior risk selection, substantial reinsurance limits, and inexpensive valuation, the analyst tells investors in a research note. Raymond James maintains a positive view on the company’s growth outlook, supported by favorable tort reform and strong distribution relationships enabling it to broaden its market reach and expand product offerings.
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