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Fly News Breaks for May 15, 2019
HRTG
May 15, 2019 | 07:12 EDT
As previously reported, JMP Securities analyst Matthew Carletti upgraded Heritage Insurance to Outperform from Market Perform, telling investors that he came away from his recent meetings with management with increased confidence in Heritage's prospects over the next 6-12 months. Underlying growth outside of Tri-County should begin to show through, recently passed legislation should help to reduce some pressures and management expressed comfort with its upcoming reinsurance renewal, Carletti stated. He set a $19 price target on Heritage shares.
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