Truist analyst Mark Hughes raised the firm’s price target on Assurant (AIZ) to $250 from $240 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is cutting its FY25 EPS view to $16.35 from $18.80 based on higher assumed catastrophe losses from the LA wildfires but raises its price target as it is assuming the stock should trade at 12-times its expected 2026 EPS of $20.50, the analyst tells investors in a research note.
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Read More on AIZ:
- Assurant Reports Strong 2024 Results with Growth Ahead
- Assurant price target raised to $250 from $240 at Truist
- Assurant’s Mixed Performance and Future Growth Potential: A Hold Rating by Bob Huang
- Assurant reports Q4 adjusted EPS $5.54, consensus $4.13
- Assurant sees FY25 adjusted EPS up high-single digits