Heritage Insurance price target raised to $35 from $30 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Heritage Insurance (HRTG) to $35 from $30 and keeps a Buy rating on the shares after hosting investor meetings with its management team. The firm is boosting its price target to reflect the company’s increased visibility for lower reinsurance costs as well as prospects for stepped-up capital management activity, the analyst tells investors in a research note.