Truist lowered the firm’s price target on RLI Corp. (RLI) to $58 from $62 and keeps a Hold rating on the shares after its Q4 results. The firm is cutting its FY26 EPS view by 16c to $2.70 on lower topline growth, the analyst tells investors in a research note. Truist adds that the stock looks fully valued at the current price, especially given its view that the company should face headwinds to earnings growth as a result of pressure on Property underwriting profit.
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