Truist raised the firm’s price target on HCI Group to $130 from $112 and keeps a Buy rating on the shares. The company reported a big Q4 earnings beat amid sharply improved losses and takeouts, and the firm is boosting its 2024 EPS view to $11.70 from $10.20 on higher projected underwriting profitability, the analyst tells investors in a research note.
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Read More on HCI:
- HCI Group rises 16.0%
- William Blair upgrades HCI Group on ‘elevated’ earnings growth
- HCI Group price target raised to $120 from $110 at JMP Securities
- HCI Group upgraded to Outperform from Market Perform at William Blair
- HCI Group reports Q4 EPS $3.22, consensus $1.41
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