Citizens JMP raised the firm’s price target on HCI Group (HCI) to $225 from $210 and keeps an Outperform rating on the shares. The firm walked away from spending time with management last week with a continued high degree of confidence in the legacy HCI and the soon-to-be-spun-off Exzeo businesses long-term, the analyst tells investors in a research note. Citizens continues to view shares of HCI as undervalued.
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