Citi analyst Charlie Lederer raised the firm’s price target on American Financial Group to $131 from $125 and keeps a Buy rating on the shares. The firm’s analysis suggests American Financial’s top line is likely to face some pressure in 2024 from the impact of lower crop prices on crop insurance premium rates, though it sees offsets from the company’s use of reinsurance and other growth areas.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AFG:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of January 8, 2024
- American Financial Group initiated with bullish view at Janney Montgomery Scott, here’s why
- American Financial Group initiated with a Buy at Citi
Questions or Comments about the article? Write to editor@tipranks.com