Oppenheimer initiated coverage of RLI Corp. with a Perform rating and no price target The rating balances a favorable view of the company’s “long history of disciplined” execution and margin outperformance, with a more “tepid” industry backdrop, fading pricing and growth opportunities, and more challenging reserve dynamics, the analyst tells investors in a research note. The firm sees fair value for shares in the $150 to $175 range. Its 2025 and 2026 earnings estimates are about 5% below consensus, on slightly lower overall margins and slower growth in property.
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