Raymond James raised the firm’s price target on American Coastal (ACIC) to $16 from $15 and keeps an Outperform rating on the shares. The firm expects American Coastal to generate 20%+ operating Core Income After-Tax Return on Equity through 2026, partially offset by potential earnings volatility from hurricane-related risks, the analyst tells investors in a research note.
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Read More on ACIC:
- American Coastal Insurance Reports Strong Q3 Results
- American Coastal Insurance Reports Strong Q3 Financial Performance
- American Coastal Insurance Corporation (ACIC) Q3 Earnings Cheat Sheet
- American Coastal: Q4 net current accident quarter catastrophe losses ~$16.2M
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