Truist lowered the firm’s price target on Amerisafe (AMSF) to $34 from $36 and keeps a Hold rating on the shares after its Q1 earnings miss. The company experienced no large claims in the first quarter and the CEO expressed confidence that they should be able to sustain top-line growth, but the firm is lowering its price targets reflect pressure and valuations across the P&C industry, the analyst tells investors in a research note.
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