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Amerisafe price target lowered to $50 from $54 at Truist

Truist lowered the firm’s price target on Amerisafe (AMSF) to $50 from $54 and keeps a Hold rating on the shares after its Q2 earnings miss. The company’s double-digit growth in voluntary premium was driven by internal execution, though the firm is reducing its price target to reflect pressure on valuations across the P&C space, the analyst tells investors in a research note.

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