HCI Group price target raised to $255 from $225 at Citizens JMP

Citizens JMP raised the firm’s price target on HCI Group (HCI) to $255 from $225 and keeps an Outperform rating on the shares. HCI Group posted a strong quarter, and as the business has scaled and profitability has improved, the volatility from storm activity has been substantially reduced, the analyst tells investors in a research note. The firm believes the shares remain significantly undervalued.