RLI Corp. price target lowered to $59 from $62 at Wells Fargo

Wells Fargo lowered the firm’s price target on RLI Corp. (RLI) to $59 from $62 and keeps an Equal Weight rating on the shares. The firm notes shares traded down on the worse-than-expected top-line growth, as the company remains disciplined around profitability. Property markets remain challenging, with decreases in the double digits, setting up another tough growth year in 2026, Wells adds.