RLI Corp. price target raised to $185 from $170 at Compass Point

Compass Point raised the firm’s price target on RLI Corp. (RLI) to $185 from $170 and keeps a Buy rating on the shares after RLI produced a “solid” combined ratio of 89.6% despite the impact of multiple hurricanes during Q3 and reported operating EPS of $1.31 that were enhanced by reserve releases and “excellent expense control.”