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VRSK — Verisk Analytics News Story

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TechnologyBalancedLarge CapHigh Flyer

Raymond James upgrades data, analytics firm Verisk to 'strong buy'

** Raymond James upgrades rating for data and analytics firm Verisk VRSK.O to "strong buy" from "outperform"; raises PT to $260 from $215

** New PT implies a 25.3% upside to stock's last close

** Brokerage says VRSK's current valuation doesn't appropriately reflect its proprietary data assets and margin profile

** Adds that modernization investments including migration of core data assets to cloud should position VRSK to accelerate product development and boost margins

** Info services stocks have been hit hard over past 12 months amid heightened investor concerns that AI could upend their business models

** VRSK set to hold investor day on March 5, where management is expected to discuss proprietary data and analytics and longer-term growth outlook

** Nine of 20 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $222 - data compiled by LSEG

** As of last close, VRSK stock down 7.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))

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