HCI Group price target raised to $165 from $150 at Citizens JMP

Citizens JMP raised the firm’s price target on HCI Group (HCI) to $165 from $150 and keeps an Outperform rating on the shares. HCI Group reported much better than expected Q4 results, the analyst tells investors in a research note. The firm continues to view the shares as undervalued, with the business expected to produce over 30% return on equity along with continued strong growth opportunities.