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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RLI:
- RLI Corporation: Strong Q4 Boosted by Low Cat Losses, but Slowing Premium Growth and Rising Loss Costs Justify Hold Rating
- RLI Corp. upgraded to Hold from Underperform at Jefferies
- Closing Bell Movers: Knight-Swift Transportation falls on earnings
- RLI Corp. reports Q4 EPS 94c, consensus 81c
- RLI Corp (RLI) Q4 Earnings Cheat Sheet