Verisk Analytics price target lowered to $224 from $233 at BMO Capital

BMO Capital lowered the firm’s price target on Verisk Analytics (VRSK) to $224 from $233 and keeps an Outperform rating on the shares. The company’s EPS handily beat expectations given margin strength and its subscription growth was solid once again though decelerated slightly against a tougher comparison, the analyst tells investors in a research note. BMO adds it is positive on the company’s best-in-class margins due to a near-monopoly in the risk-assessment P&C insurance business.