Employers Holdings price target lowered to $49 from $58 at Truist

Truist lowered the firm’s price target on Employers Holdings (EIG) to $49 from $58 and keeps a Buy rating on the shares after its Q2 earnings miss. The firm is cutting its FY25 EPS view to $2.55 from $3.40 based on the assumption that current year losses will remain at 69.0% and that the company will not generate net reserve gains through the end of next year, the analyst tells investors in a research note.