BMO Capital raised the firm’s price target on Verisk Analytics (VRSK) to $242 from $224 and keeps an Outperform rating on the shares after the company reaffirmed its prior medium-term targets at its investor day presentation. The management also defended Verisk against the AI disruption narrative, focusing on its proprietary data in a highly regulated industry, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRSK:
- Verisk Analytics sees medium term adjusted EPS growth in double-digit range
- Verisk Analytics upgraded to Strong Buy from Outperform at Raymond James
- Verisk Analytics Issues $1 Billion in Senior Notes
- Verisk Announces $1.5 Billion Accelerated Share Repurchase Program
- Verisk Analytics enters into $1.5B ASR agreements
