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Fly News Breaks for January 19, 2018
VRSK
Jan 19, 2018 | 08:42 EDT
RBC Capital analyst Gary Bisbee raised his price target on Verisk Analytics to $100, forecasting a 6.5% reduction in 2018 effective tax rate that will boost this year's EPS by about 9%. Bisbee adds that he continues to "admire Verisk's valuable proprietary data assets and business model" while forecasting revenue growth to moderately improve in the next few quarters. The analyst says the current valuation justifies the company's current Sector Perform rating.
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