Markel price target raised to $2,025 from $1,750 at RBC Capital

RBC Capital raised the firm’s price target on Markel (MKL) to $2,025 from $1,750 and keeps a Sector Perform rating on the shares. The company’s Q4 results showed stability with healthy reserve releases offset by an uptick in the expense ratio, the analyst tells investors in a research note. Markel also launched a review of its business, which should result in some changes, though this is more along the lines of streamlining processes and refocusing on more profitable lines, the firm added.