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Verisk Analytics price target lowered to $290 from $317 at BMO Capital

BMO Capital analyst Jeffrey Silber lowered the firm’s price target on Verisk Analytics (VRSK) to $290 from $317 and keeps a Market Perform rating on the shares. The company’s Q2 results beat expectations thanks to margin strength, the analyst tells investors in a research note. Verisk offers best-in-class margins due to a near-monopoly in the risk-assessment P&C insurance business, but the firm is cautious due to valuation and new investment cycle, BMO added.

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