Amerisafe price target lowered to $36 from $45 at Truist

Truist lowered the firm’s price target on Amerisafe (AMSF) to $36 from $45 and keeps a Hold rating on the shares after its Q4 earnings miss. The company’s higher accident year losses were partially offset by higher premium growth, the analyst tells investors in a research note. Truist adds that its Hold rating reflects its view that the stock is fairly valued.