Ryan Specialty price target raised to $92 from $89 at BofA

BofA raised the firm’s price target on Ryan Specialty (RYAN) to $92 from $89 and keeps a Buy rating on the shares. Incorporating Q4 results into the firm’s model, BofA’s forward EPS projections decline from higher expense projections in 2025, but expansion in S&P 500 P/E multiple more than offsets the decline in EPS projections, driving the firm’s raised price target the analyst tells investors.