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CCC Intelligent upgraded to Overweight from Equal Weight at Morgan Stanley
The Fly

CCC Intelligent upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Josh Baer upgraded CCC Intelligent Solutions (CCCS) to Overweight from Equal Weight with a price target of $15, up from $14. CCC is a market share leader, positioned to capture value digitizing and automating the property and casualty insurance industry, the analyst tells investors in a research note. The firm is confident in the value proposition of the company’s portfolio of artificial intelligence products and the ramping contribution of Emerging Solutions near-term. It sees an attractive entry point at current share levels. Morgan moved CCC to “Top Pick,” believing the market is “over-correcting” on the company’s narrowing beat cadence.

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