BMO Capital upgraded Verisk Analytics (VRSK) to Outperform from Market Perform with an unchanged price target of $233. The firm sees an attractive entry point with the stock trading back to 2017 levels. Verisk shares have de-rated more than its information services peers since the generative AI “bear case became pervasive despite more limited risk,” the analyst tells investors in a research note. BMO sees the company’s e upcoming investor day as a potential catalyst for the stock.
Claim 30% 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 sells Verisk Marketing Solutions, terms undisclosed
- Midday Fly By: SoftBank buying DigitalBridge, Verisk drops AccuLynx deal
- Early notable gainers among liquid option names on December 29th
- Verisk Ends AccuLynx Deal, Redeems Acquisition Financing
- Verisk terminates definitive agreement to acquire AccuLynx