Wells Fargo raises RLI price target to $53 while keeping Underweight rating
Wells Fargo increased its price target for RLI Corp. from $51.00 to $53.00, citing more durable margins, but left its Underweight rating unchanged. The analyst noted the company's strong underwriting profitability despite missing revenue forecasts in Q3 2026. Keefe, Bruyette & Woods also raised its target to $74, maintaining an Outperform rating. RLI’s stock has risen sharply this week, trading above the new target.
Why it matters
The higher price target suggests modest upside potential, but the continued Underweight stance signals limited upside for investors, according to Wells Fargo. Keefe, Bruyette & Woods’ higher target may attract interest from investors seeking higher returns.
Key facts
- 1Wells Fargo raised its price target for RLI Corp. from $51.00 to $53.00. investing.com
- 2Wells Fargo maintained an Underweight rating on RLI Corp. investing.com
- 3Keefe, Bruyette & Woods raised its price target for RLI Corp. from $69.00 to $74.00, keeping an Outperform rating. investing.com
- 4RLI Corp. reported Q3 2026 operating earnings of $0.86 per share, beating the $0.51 estimate. investing.com
- 5RLI Corp. Q3 2026 revenue was $476.96 million, below the $533.51 million forecast. investing.com
- 6RLI Corp. combined ratio for Q3 2026 was 86.2%, slightly higher than the prior year’s 85.1%. investing.com
Open questions
- Current share price differs between sources.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.