Assurant price target raised to $250 from $240 at Truist

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.