Verisk Analytics price target lowered to $263 from $278 at BMO Capital

BMO Capital lowered the firm’s price target on Verisk Analytics to $263 from $278 and keeps a Market Perform rating on the shares. The company’s Q2 exceeded expectations and subscription revenue growth accelerated with continued momentum from Q1 while Transaction revenues were surprisingly weak and 2024 guidance was affirmed, the analyst tells investors in a research note, adding that the stock sold off after the print, anticipating a raise in guidance.