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Heritage Insurance reports Q2 EPS 23c, consensus 23c
Reports Q2 revenue $96.93M, consensus $100.52M.
Heritage Insurance upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst John Barnidge upgraded Heritage Insurance to Buy with the majority of hurricane season now passed. The shares at current levels are not appropriately valuing the company's "solidly mid-teens return-on-equity profile," Barnidge tells investors in a research note. He raised his price target for Heritage to $16 from $15.
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