Old Republic price target raised to $38 from $32 at Wells Fargo

Wells Fargo raised the firm’s price target on Old Republic to $38 from $32 and keeps an Overweight rating on the shares. The firm comes to the first quarter earnings season with a more muted view. Bottom line performance should be very good, but at least some of that is reflected in the higher valuations year-to-date, in Piper’s view.