Amerisafe price target lowered to $45 from $50 at Truist

Truist lowered the firm’s price target on Amerisafe (AMSF) to $45 from $50 and keeps a Hold rating on the shares. The firm’s reduced target price reflects the pressure on valuations across the P&C industry while the firm’s Hold rating reflects its view that the stock is fairly valued in light of its outlook for generally stable profitability, the analyst tells investors in a research note.