Old Republic price target raised to $42 from $40 at Raymond James

Raymond James raised the firm’s price target on Old Republic (ORI) to $42 from $40 and keeps an Outperform rating on the shares. The firm sees positive results along with an active capital management program and a relatively inexpensive stock valuation, telling investors in a research note that the operating outlook for Old Republic is still strong over the next two years. The firm sees the title segment as still an undervalued call option on the recovery of the housing market.