CCC Intelligent Solutions initiated with a Buy at Truist

Truist analyst Arvind Ramnani initiated coverage of CCC Intelligent Solutions (CCC) with a Buy rating and $10 price target CCC Intelligent Solutions possesses a defensible data moat and a highly sticky client base that enables stable revenue growth with expanding margins, the analyst tells investors in a research note. The stock, which has been pressured recently due to “mismatched” expectations, presents a near- to medium-term opportunity, the firm adds.