BofA analyst Grace Carter raised the firm’s price target on Selective Insurance (SIGI) to $102 from $96 and keeps an Underperform rating on the shares following the company’s Q3 report. The firm’s EPS forecasts “modestly rise” on higher investment income, but the firm still expects the stock will “struggle to regain its historical premium in the near term due to recent reserving overhang,” the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio